NEW YORK, Oct. 3, 2016 /PRNewswire/ -- GenNx360 Capital Partners ("GenNx360") is pleased to announce that its portfolio company, Truck Bodies & Equipment International Inc. ("TBEI"), has acquired Travis Body & Trailer Inc. ("Travis") on September 30, 2016. Travis, based in Houston, Texas, is a manufacturer of aluminum end dumps, bottom dumps and transfer trailers to the construction, waste and recycling, rendering and agriculture end markets. Terms of the transaction were not disclosed.
"This acquisition is consistent with our expansion into the dump trailer market, an expansion that began in 2013 when TBEI entered this market with a line of steel dump trailers designed, manufactured and marketed under the Ox Trailer brand. TBEI is excited to bring together two of the most trusted brands in the industry," stated Bob Fines, President and Chief Executive Officer of TBEI.
"This acquisition further strengthens the GenNx360 truck body and trailer platform bringing expertise in aluminum dump trailers and dump bodies, expansion into the southwest, a strong and loyal dealer network and a leading position in the trailer market. Travis will be structured as a standalone division within TBEI which continues to focus on high levels of service, continuous improvement and a commitment to quality," said Ron Blaylock, a Founder and Managing Partner of GenNx360.
About GenNx360 Capital Partners
GenNx360 Capital Partners is a private equity firm focused on investing in industrial manufacturing and business services companies in the middle market. It applies years of Fortune 50 operational and leadership experience to these investments to help drive growth and value creation. The firm primarily focuses on opportunities in the industrial machinery and components, industrial services, oil and gas, logistics and supply chain solutions, agricultural, specialty chemicals, and aerospace sectors. GenNx360 was founded in 2006 and is headquartered in New York City. For more information about GenNx360, please visit: www.gennx360.com
About Truck Bodies & Equipment International Inc.
Truck Bodies & Equipment International Inc. is a Minnesota-based corporation that manufactures dump bodies, landscape bodies, grain bodies, platforms, hoists, and truck and trailer equipment and accessories. TBEI is an industry-leading company driven by a strong management team. It operates with five major brands with 500+ distributors and dealers, across North America. For more information about TBEI, please visit: www.tbei.com
For media inquiries about this press release, please contact:
GenNx360 Capital Partners
Carmen Rojas, Investor Relations Manager
Tel: +1 212.257.6772
SOURCE GenNx360 Capital Partners