Snap-on Acquires Challenger Lifts

May 17, 2013

May 17, 2013—Snap-on Inc. recently acquired Challenger Lifts Inc. in an all-cash transaction for roughly $38 million.

Challenger Lifts, based in Louisville, Ky., designs, manufactures and distributes a line of car lifts, jacks and auto lift accessories. Challenger generated sales of approximately $45 million in 2012.

“Challenger is an important addition to our Repair Systems & Information Group,” said Nick Pinchuk, CEO of Snap-on. “The Challenger vehicle lift product line complements and increases Snap-on’s existing undercar equipment offering, broadening our established capabilities in serving vehicle repair facilities. We believe this acquisition will further Snap-on’s progress along its strategic and coherent growth runway of expanding with repair shop owners and managers. We look forward to welcoming Challenger associates to the Snap-on family.”

Sponsored Recommendations

Valvoline Partner Solutions

We arm you with products that build trust, tools that unlock productivity, and training that drives business performance, so you feel confident in where your...

Grow the business you know

Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube.

Solutions that drive results

Connect with Valvoline experts to increase operational efficiency and customer loyalty – from Valvoline-funded promotions to hands-on training, we’re here to...

Free Resources for Shops Like Yours

View insights, research and solutions curated specifically for shops like yours.