DexKo Global has announced that its subsidiary, Dexter, has agreed to acquire Henderson Wheel & Trailer Supply, which is based out of Salt Lake City, Utah. Henderson is a manufacturer of sprung and torsion axles and fenders as well as distributor of axles, trailer components, and fenders.
An acquisition price was not disclosed.
“The addition of the Henderson product and manufacturing facilities, will complement the already extensive portfolio of products under Dexter while strengthening our presence in the Western U.S.,” said Fred Bentley, CEO of DexKo Global. “We are now continuing with our DexKo 2020 plan. Our new owner, KPS, is providing full support to add highly engineered and high growth products to our globally leading running gear product offering.”
“This is an excellent opportunity to better serve all our customers with the addition of west-coast manufacturing capabilities,” said Adam Dexter, president and CEO of Dexter. “Our focus will be to further enhance our commitment to the core Dexter principles of safety, quality, and customer service that have been the foundation of our success for over 50 years. By concentrating on these areas, we are confident that the addition of Henderson will bring value to all our mutual customers.”
“At Henderson, we are very proud of the legacy we have built since 1919. As a family run business, we are thrilled with the opportunity to continue growing our business while joining an even larger family,” said John Henderson, president of Henderson. “I am confident that uniting with Dexter, the industry leader, will be beneficial for both our customers and employees.”
DexKo Global is a portfolio company of KPS Capital Partners, LP. KPS is the manager of the KPS Special Situations Funds, a family of investment funds with approximately $5.2 billion of assets under management.
