Dexter, a leading manufacturer of trailer axles, brakes, and hubs and drums for more than 50 years, announced that it has acquired the assets of Titan International’s brake and actuator business.
Titan has a rich heritage in the hydraulic brake and actuator industry and manufactures an extensive line of brakes, actuators, couplers and hubs designed to serve a wide variety of trailer applications.
“We are very excited to add the Titan brake and actuator lines into our product offering,” said Adam Dexter, president and CEO of Elkhart, Ind.-based Dexter Axle. “Titan has a history of quality and innovation that will fit nicely within our existing culture.”
Randy McMann, who will be joining Dexter as the sales manager for Titan brakes and actuators and said: “I am thrilled to join the Dexter team and am looking forward to combining our Titan products with Dexter’s family of brands to give our collective customers the best trailer components and customer service in the industry.”
Dexter products are American-made in highly automated facilities in Indiana, Georgia, Oklahoma, California and Tennessee with distribution throughout North America and several other countries. Titan International manufactures brakes and actuators in Union City, Tenn., supported by an office in Des Moines, Iowa.
“Over the next several weeks, we will begin integrating the Titan brake and actuator products into our product portfolio,” said Bryan Thursby, vice president of sales and marketing of Dexter Axle. “We are eager to bring the additional options to our current customers and are looking forward to meet with and continue serving Titan’s customers.”
Dexter Axle is majority owned by a fund managed by The Sterling Group, a leading private equity firm based in Houston, Texas, with more than $1 billion of assets under management.