MUSKEGON, Mich., Jan. 28, 2016 /PRNewswire/ -- Fleet Engineers, Inc., a Muskegon, Mich.-based manufacturing and distribution company, today announced that it has acquired Charlotte, N.C.-based Save-A-Load, Inc., a manufacturer of cargo bars for tractor trailers and pick-up trucks.
In operation for more than 50 years, Fleet Engineers has built a solid reputation for producing quality truck and trailer products. The company designs, manufactures and distributes value-added product line solutions for aerodynamics, door systems and spray control, as well as truck and trailer parts and accessories for the trucking industry.
Since 1994, Save-A-Load, Inc. has been producing the Save-A-Load® Bar, the only hydraulic cargo bracing bar, which has been engineered to overcome the shortcomings of other types of load bars. It is designed to last longer, hold better and minimize the potential of trailer damage, while being the safest and easiest load bar to operate. Save-A-Load uses the highest quality materials in the production of Save-A-Load Bars and other products in its line. The company's long-standing philosophy of service and efficiency is another driving factor that has helped make the company so successful.
"Save-A-Load has built an excellent reputation for responsive services and a commitment to quality by leveraging technology to deliver driver-friendly products," said Wes Eklund, President of Fleet Engineers. "This acquisition will enhance the current cargo management solutions for our customer base, and we are thrilled about the opportunity to manufacture and distribute a new, high quality product that is unique within the market. We are poised for exciting growth and look forward to integrating the manufacturing expertise of Save-A-Load."
Principals of Charter Capital Partners served as exclusive M&A advisor to Fleet Engineers, acting in their capacity as licensed investment banking agents of M&A Securities Group.
"Charter worked closely with Fleet Engineers' ownership to find an acquisition that would further the company's dedication to delivering solutions to optimize fleet operations," said Elisa Miller, an associate at Charter Capital Partners who supported Fleet Engineers throughout the process. "We believe the acquisition of Save-A-Load will strengthen the company's 'Made in the USA' manufacturing presence, while also increasing the value proposition to the market and enhancing overall efficiency for fleets."
About Fleet Engineers, Inc.
For more than 50 years, Fleet Engineers has built a solid reputation for producing quality truck and trailer products, designed to perform in the most demanding conditions. With manufacturing and warehousing facilities stretching across North America, Fleet Engineers designs, manufactures, and distributes comprehensive product solutions for aerodynamics, door systems, spray control, and truck and trailer parts and accessories. For more information, visit fleetengineers.com.
About Charter Capital Partners
Established in 1989, Charter Capital Partners is recognized as one of the Midwest's premier investment banking firms, with offices in Michigan and Indiana. The firm offers solutions covering the full continuum of capital, including buy-side and sell-side advisory, business valuation, exit planning, and capital raise for start-ups, acquisition and growth capital. To learn more, visit chartercapitalpartners.com.
About Save-A-Load, Inc.
Save-A Load, Inc. manufactures cargo load bars for tractor trailers and pick-up trucks that stand up to the rigors of daily use. Since 1994, Save-A-Load, Inc. has been producing the one and only hydraulic cargo bracing bar. All load bars are expected to operate in a very tough environment. They are thrown around, run over and generally abused. This is not a problem with the Save-A-Load Bars. If a part is broken the Save-A-Load Bar is easily repaired. The company maintains a philosophy of service and efficiency and in 2015 received the Manufacturer of the Year Honorable Mention award from the North Carolina Chamber. For more information, visit saveaload.com.
SOURCE Fleet Engineers, Inc.