Dexter Axle has acquired trailer axle, leaf spring and parts supplier Rockwell American, based in Azle, Texas, from American Industrial Partners Dexter parent DexKo announced today (Aug. 31) in a news release.
Rockwell has made trailer axles, leaf springs, fenders and other trailer components serving multiple market segments across North America for over 35 years, according to the release. Rockwell has five manufacturing locations and operates 16 distribution branches across the United States. Rockwell American will operate as a division of Dexter.
“We are extremely excited about the opportunity to bring the Rockwell American business under the Dexter / DexKo umbrella,” stated Fred Bentley, CEO of DexKo Global. “The acquisition of Rockwell complements and will be part of our Dexter business allowing DexKo to continue to accelerate our growth with great new people, products and segments. We continue to add strong brands to our portfolio and offer more quality products to our customers. Combining this with Dexter’s announcement extending our already industry leading warranty, shows our commitment to real quality and engineering solutions for our customers. It really is an exciting time to be part of the DexKo organization.”
DexKo Global and Dexter are majority owned by a fund managed by The Sterling Group, an operationally-focused middle market private equity firm based in Houston, Texas with $2.4 billion of assets under management.
“The team at Rockwell American is very excited by the opportunities afforded us through our new partnership with Dexter Axle,” replied Chris Dietemann, president of Rockwell American. “In the fast changing and increasingly competitive market we serve, it will give us access to Dexter’s world-class manufacturing expertise, enabling us to continuously improve product quality and to maintain our competitive position in the market.”