Rugby Manufacturing Co is sold to KCP
Aug 1, 2005 12:00 PM
Goldsmith Agio Helms has announced the completed sale of its client, Rugby Manufacturing Co, a maker of medium-duty truck bodies and related equipment, to Kirtland Capital Partners (KCP). Rugby was owned primarily by two private investment groups, Hanover Partners Inc and Tuckerman Capital.
Simultaneously, KCP acquired Ox Bodies Inc, another manufacturer of truck bodies and related equipment. Rugby and Ox Bodies will operate as subsidiaries of a newly formed holding company.
Established 35 years ago in Rugby ND, Rugby is a designer, manufacturer, and supplier of specialized truck and trailer equipment, including hydraulic hoists and bodies for dump, landscape, and flatbed trucks.
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