Tuffy Security Products
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Tuffy Security Products - overview
Established
1989
Location
Cortez, CO, US
Primary Industry
Retail
About
Tuffy Security Products is a manufacturer specializing in secure vehicle storage solutions, providing durable lockboxes, console safes, and underseat storage options designed to protect valuable belongings from theft. Tuffy Security Products focuses on designing and manufacturing secure storage solutions for vehicles. Founded in 1989 in Cortez, US, the company was acquired by Bestop, Inc. , a subsidiary of Kinderhook Industries, in August 2016.
The firm's CEO is Mike McEntee, who has a history of leadership in automotive safety innovations. Tuffy Security Products specializes in secure vehicle storage solutions, focusing on products such as lockboxes, console safes, and underseat storage options designed for various makes and models of vehicles. These products are engineered for durability, featuring welded steel construction, a patented Pry-Guard locking mechanism, and a security pin-lock hinge, ensuring that users’ gear remains safe and secure. The main use case for these products is to provide vehicle owners with reliable storage for valuables such as tools, firearms, and personal items, thereby deterring theft and enhancing peace of mind.
Tuffy’s offerings cater primarily to automotive enthusiasts, fleet operators, and everyday consumers across sectors such as construction, law enforcement, and outdoor recreation. The company serves a diverse geographical market, distributing its products throughout North America and parts of Europe, ensuring a broad reach among customers looking for enhanced vehicle security solutions. Tuffy Security Products generates revenue primarily through direct sales of its products to consumers and B2B partnerships with retailers and automotive accessory distributors. The transaction structure typically involves one-time purchases, where customers buy individual items such as the Console Safe or Underseat Lockbox, often priced between USD 229 and USD 649 depending on the specific model and features.
The company’s flagship products are popular among users seeking robust security options for their vehicles, with a focus on ease of installation and durability. Transactions are facilitated through a straightforward e-commerce platform, allowing customers to select and purchase products tailored to specific vehicle models. The firm offers warranties against defects in material and workmanship, which underscores its commitment to quality and customer satisfaction, further enhancing its sales potential in the competitive vehicle accessory market. Moving forward, Tuffy Security Products is focused on expanding its product line with new secure vehicle storage solutions expected to launch in late 2024.
The company is also targeting growth in international markets, particularly in Europe and Asia, aiming to establish a presence by 2025. The acquisition by Bestop, Inc. in August 2016 has opened avenues for expanding its distribution network and enhancing product visibility in these new regions.
Current Investors
Bestop, Inc.
Primary Industry
Retail
Sub Industries
Automobile Dealerships
Website
www.tuffyproducts.com
Verticals
E-commerce, Manufacturing
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Tuffy Security Products - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Tuffy Security Products | - |
Displaying 1 - 1 of 1

Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.