through independent dealers and national retailers under the PJ
Trailers, Carry-On Trailer, RC Trailers and other private-label brand
names.
Bain Capital plans to merge American Trailer Works with Big Tex
Trailers, a leading manufacturer of utility trailers in North America, to
create a newly-formed company. Bain Capital closed its acquisition of
Big Tex in December 2015.
Bain Capital to Acquire American Trailer Works
American Trailer Works and Big Tex to Merge to Create Newly-Formed
Company
Bain Capital Private Equity, one of the world’s foremost private
investment firms, today announced it has reached a definitive
agreement to acquire American Trailer Works, a leading manufacturer
of utility and cargo trailers. The company is being acquired from an
investor group managed by Southlake Equity Group. Financial terms
of the private transaction were not disclosed.
Headquartered in Southlake, Texas, American Trailer Works is a leading
manufacturer and distributor of utility and cargo trailers in North
America. Through its 12 plants, American Trailer Works sells trailers
16
“Uniting these two companies will create an exceptional array of
products and services, and the best and most supportive partner for
dealers,” said Todd Cook, a Managing Director at Bain Capital. “We
are committed to supporting management in growing the trailer
businesses of both American Trailer Works and Big Tex through worldclass customer service, operational efficiency, and continued product
innovation.”
Goldman Sachs and Barclays provided debt financing commitments
for the Big Tex and ATW transaction. BMO Capital Markets, Goldman
Sachs and Barclays acted as financial advisors, Kirkland & Ellis LLP
served as legal counsel, and PricewaterhouseCoopers LLP served as
accounting advisor to Bain Capital.
The planned merger is subject to customary regulatory review.
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