Sarasota family office acquires Texas manufacturer

A Sarasota family office has acquired a Texas manufacturer specializing in mobile storage solutions for vehicles. Nickolas Asset Management purchased Ranch Road Cargo, based in Austin, Texas. Financial terms of the deal were not disclosed.

Ranch Road Cargo produces cargo storage systems for organizing truck beds, SUVs and utility terrain vehicles. Its products are designed for portability without permanent installation and are five times thicker than traditional plastic storage, according to its website, which says its organizers fit under truck beds and between wheel wells.

The founders of Ranch Road Cargo describe themselves as “adventurers” who wanted a solution to keep their gear from getting tangled or broken during drives.

"Ranch Road Cargo has built an amazing product and a strong foundation," Nickolas Asset Management founder Nickolas L. Reinhart says in a statement. "Our role is to take that strong foundation and surround it with the operational, engineering, commercial and technology infrastructure to scale the business."

Ranch Road Cargo is the third acquisition for the Sarasota family office this year. Others include a North Carolina plastics recycling plant in February and an Ohio plastics manufacturing company in March.

Nickolas Asset Management is an operator-led family office that helps companies modernize, scale and operate with durability through a shared services platform that includes HR, engineering, operations, finance, marketing, technology and automation.