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Equity Firm Makes Investment in Big Tex Trailer
Posted By RVBusiness On January 4, 2013 @ 11:04 am In Breaking News | No Comments
H.I.G. Capital LLC, a leading global private equity investment firm, announced that its affiliate has completed the recapitalization of Big Tex Trailer Manufacturing, a leading professional-grade trailer manufacturer.
Headquartered in Mount Pleasant, Texas, Big Tex manufactures professional grade open utility, equipment, horse, livestock, and cargo trailers and truck beds in the U.S. and Canada. Big Tex features a collection of prominent brands including Big Tex, CM, S&H, and Circle J.
Ricky Baker, who will continue as President and CEO and as a significant shareholder, commented, “We are excited about H.I.G. Capital’s investment and look forward to continuing to build the Big Tex platform. We view this as an exciting time in our industry and look forward to growing our business together. We are excited that H.I.G.’s investment will help us capitalize on the growth we expect in the years to come.”
Big Tex services over 400 dealers through its eight regional manufacturing and distribution hubs located in Texas, Oklahoma, Georgia and Idaho. The company has sold over 1 million trailers since its launch in 1982, and has been recognized as one of the fastest growing trailer manufacturers in the industry for each of the past two years.
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