Baker McKenzie has successfully assisted Clarus Corporation (Clarus) in its acquisition of MAXTRAX, a market leading vehicle recovery and extraction track manufacturer. MAXTRAX will continue to operate independently as a wholly-owned indirect subsidiary of Clarus.
Founded in 2005 by Brad McCarthy, MAXTRAX is considered the creator of the vehicle recovery board. MAXTRAX has developed a product line-up consisting of high-quality vehicle recovery and extraction tracks, including its original MAXTRAX MKII recovery track. All MAXTRAX vehicle recovery tracks are manufactured in Australia using its proprietary, Australian-sourced, engineering-grade and fibre-reinforced nylon. MAXTRAX currently sells its products around the world to distributors, retailers, government agencies, third-party e-commerce sites and through its own website.
Baker McKenzie's lead partner, Richard Lustig stated: "We were delighted to again act in Australia for our client, Clarus, on the acquisition of MAXTRAX, having previously acted on the acquisition of Rhino-Rack, an Australian aftermarket automotive roof rack and accessories brand. This purchase provides further opportunity to take new innovative products to market in both North America and around the world."
Clarus Corporation is a leading NASDAQ listed US developer, manufacturer and distributor of outdoor equipment and lifestyle products, headquartered in Salt Lake City, Utah.
Richard led a Baker McKenzie team comprising: Caroline Tait, Harrie Bantick and Alex Hewitt.