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Boyne Capital Makes New Platform Investment in CarCovers.com

Boyne Capital is pleased to announce that one of its affiliates has acquired a majority interest in CarCovers.com, a retail e-commerce company focused on vehicle covers and related vehicle protection products.

Founded in 2008 by Jonathan (Jony) Volk and headquartered in Pittsburg, CA, CarCovers sells primarily through its direct-to-consumer e-commerce portal, CarCovers.com, and offers a comprehensive suite of high-quality, form-fitting products tailored to a wide range of vehicle types and applications. Supported by in-house product development, order fulfillment, and customer service functions as well as industry-leading warranty coverage, CarCovers delivers a differentiated customer experience and value proposition that has driven its rapid growth within the vehicle protection category.

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Boyne Managing Partner and CEO Derek McDowell said: “From day one, we were impressed with the customer-first culture and commitment to quality that Jony and the CarCovers team have established, and we are excited to partner with them to build on the company’s market leadership position and support their vision for future growth.”

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Jony Volk, the Founder and CEO of CarCovers, said, “I’m excited to be partnering with the Boyne team to bring CarCovers into its next phase of accelerated growth. With Boyne’s support, we are well-positioned to continue expanding our product offerings and double down on our leading position in the direct-to-consumer vehicle protection category.”

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CarCovers is a new platform investment in BCM Fund I. Boyne Capital is dedicated to investing in the lower middle market sector, specifically companies with revenues of less than $100 million and EBITDA of $3 million to $10 million.

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