February 5, 2013
Polar Corporation announced Tuesday that it has acquired the assets of Beall Transport Equipment Co. (BTEC), which serves as the aftermarket parts and service division of Beall Corporation.
Beall branches in Denver, Salt Lake City, Los Angeles and Kent, Wash. will join the Polar Service Centers network of parts and service locations.
Beall branches in Portland, Phoenix, and Billings, Mont. will merge with existing Polar Service Centers.
Ted Fick, president and CEO of Polar Corporation, says the acquisition will bolster Polar’s expertise in servicing commercial tank customers, adding Beall locations align well with Polar Service Centers and its independent dealers, especially in the Western U.S.
The transaction closed Feb. 1; financial terms were not disclosed. Beall Corporation has been operating under Chapter 11 bankruptcy protection since September 2012.
In January, Wabash National Corporation announced it has purchased trailer manufacturing assets from Beall.