DexKo Global Inc., parent company of RV axle supplier Dexter Axle, signed a definitive agreement to acquire TexTrail, Inc. from American Trailer World (ATW).
The transaction will include two other entities that TexTrail acquired in 2022: Wholesale Trailer Supply, LLC, a Sacramento, California based trailer parts and accessories distributor, and Marius Garon Inc., a distributor of trailer parts and towing accessories based in Quebec City, Quebec.
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 of 2022.
TexTrail’s operations will become part of Dexter’s business unit.
“Dexter has always been committed to supporting the best trailer parts distribution network in North America,” Adam Dexter, Dexter president and CEO. “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 continuing to provide the highest levels of product quality and service in the market. Bringing the TexTrail and Dexter companies together will make our abilities even stronger.”
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.
“This is an exciting and phenomenal opportunity to bring two great organizations together,” said Dennis Webster, president of sales and service, TexTrail. “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.”
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.
“Adding TexTrail is a transformational opportunity for us,” said Fred Bentley, DexKo CEO. “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.”
