Capstone sells Go Rhino to truck accessory company

Capstone Financial Group has sold Xtreme Metal Fab, Inc — also known as Go Rhino — to Big Country Truck Accessories.

Based in Brea, Calif., Go Rhino manufactures metal fabricated aftermarket accessories, including public safety and soft-sided cargo management products, for light trucks and sport utility vehicles. It will now become part of “Big Country,” a subsidiary of Industria Diseñadora De Autopartes (IDDEA), based in Guadalajara, Mexico.

“Go Rhino’s strong branding, quality products, and extensive distribution are well recognized in the industry and very appealing to Big Country. We believe this is not only a win-win situation for Go Rhino and Big Country, but will benefit our suppliers, vendors and customers,” says Manuel Alvarez, IDDEA president.

Go Rhino contacted Capstone last year looking for ways to sell founding shareholders’ interest while maintaining the company’s management team. Big Country’s purchase of all Go Rhino assets demonstrates the resiliency of the aftermarket, says Dan Smith, Capstone president.

“In a challenging economic environment, we’re seeing strategic buyers consolidating as a means of growing revenue and utilizing synergies to decrease expenses.  Consolidation is occurring across borders and every auto aftermarket segment – performance parts, chemicals, appearance products, and certainly truck accessories,” Smith says.