DexKo Global Inc. has signed a definitive agreement to acquire TexTrail Inc. from American Trailer World, the companies reported Aug. 22. The transaction will also include two other entities that TexTrail acquired in 2022: Wholesale Trailer Supply LLC, a Sacramento-based trailer parts and accessories distributor, and Marius Garon Inc., a distributor of trailer parts and towing accessories based in Quebec City, Quebec. The TexTrail operations will become part of DexKo’s Dexter business unit.
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.
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.
“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,” TexTrail President of Sales and Service Dennis Webster said. “I personally look forward to continuing onward and contributing towards the future success of our employees, our customers, and the industries we serve.”
Dexter, headquartered in Elkhart, Indiana, 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.
“Dexter has always been committed to supporting the best trailer parts distribution network in North America,” Adam Dexter, Dexter president and CEO, said. “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.”
While part of ATW, TexTrail more than tripled its sales, according to the ATM statement. Approximately six hundred 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,” said Robert Hureau, CEO for ATW. “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.”