Carnegie acted as exclusive financial adviser to Axcel (Axcel V) in the acquisition of Mountain Top Industries (‘MTI’).
Mountain Top Industries is a leading certified supplier of aluminum accessories for pick-up trucks such as roll covers, sport bars, hard tops, covers and liners. Dating back to 1950s Mountain Top Industries builds on year of experience and has established an international customer base and become a preferred supplier among especially leading OEMs.
Axcel has entered into an agreement to acquire Mountain Top Industries from its founding shareholders. The incumbent management team, who also helped establish the company as a market leader, will remain with MTI to further grow and expand MTI’s presence within development, production and distribution of aluminum accessories for pick-up trucks.