American Trailer World Corp. has entered into a definitive agreement to sell its TexTrail, Marius Garon and Wholesale Trailer Supply businesses (collectively known as TexTrail) to DexKo Global. The TexTrail operations will become part of DexKo's Dexter business unit.
Established in 1980, TexTrail has more than 30 locations throughout North America and supplies trailer parts, accessories, tires and wheels to trailer manufacturers, dealers, and repair shops. As a leading distributor of trailer parts and accessories, TexTrail has developed a reputation as a trusted name in trailer parts and customers have relied on TexTrail to deliver accurately, on-time, and consistently, DexKo says. Approximately 600 employees are expected to transfer with TexTrail upon closing.
"At American Trailer World, we remain steadfast in our commitment to being the leading manufacturer and retailer of trailers and truck equipment," says Robert Hureau, CEO. "This transaction enables us to focus our time, people, and resources on meeting our customers' evolving needs. We thank our TexTrail team members for their many contributions and wish them well."
Dexter, headquartered in Elkhart, Ind., employs over 3,800 people in the U.S. and Canada and operates 18 manufacturing facilities and over 30 company-owned distribution locations. Founded in 1960, Dexter has grown expansively and focused on providing their customers in the utility trailer, recreational vehicle, marine, heavy-duty, agricultural, and specialty equipment markets with the industry's widest breadth of quality products with short lead-times.
"This is an exciting and phenomenal opportunity to bring two great organizations together. The long-standing partnership between Dexter and TexTrail has fueled exceptional growth for both organizations and our industry. I personally look forward to continuing onward and contributing towards the future success of our employees, our customers, and the industries we serve," says Dennis Webster, president of sales and service, TexTrail.
"Dexter has always been committed to supporting the best trailer parts distribution network in North America," adds Adam Dexter, president and CEO, Dexter. "With the acquisition of TexTrail, it further solidifies Dexter's leading position to support trailer manufacturers, dealers, and service locations. I am personally committed to continue providing the highest levels of product quality and service in the market. Bringing the TexTrail and Dexter companies together will make our abilities even stronger."
DexKo CEO Fred Bentley also notes, "Adding TexTrail is a transformational opportunity for us. We could not be more excited to welcome the team to DexKo. This acquisition positions us for continued growth and improved capabilities to service our customers more effectively."
Financial terms of the transaction were not disclosed and the acquisition, which is subject to customary closing conditions, is expected to close in the fourth quarter in 2022.