Pace American Acquires Cargo Express
Nov 3, 2008 3:38 PM
Pace American, Inc has officially completed its acquisition of Bristol, Indiana-based J & L Cargo Express.
Pace American is one of the world’s largest manufacturers of enclosed cargo and auto trailers. The company has manufacturing plants in Indiana, Texas, Oregon, Utah, and two in Georgia.
Like Pace American, J & L manufacturers enclosed cargo trailers. The company’s product lines include concession trailers, motorcycle trailers, gooseneck and fifthwheel models, snowmobile trailers, and general cargo vans.
“With this acquisition, we are continuing our strategy to strengthen and grow Pace American’s market share,” says Pace American CEO Mitchell Bender.
In addition to retaining its own independent brand identity, Cargo Express’ existing dealer network and staff will remain unchanged. The brand will also continue to be managed by Cargo Express president and general manager Lyle Miller.
According to Miller, Pace American represented the best fit for Cargo Express.
“Having watched my company grow over the past 15 years, it was personally important to both me and my family that we sold it to a purchaser that shared our values,” he says.
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