Kentucky Trailer

01/01/2014

Kentucky Trailer

Business/Transaction Description
  • Kentucky Trailer is a manufacturer of custom trailers for the moving and storage industry and other markets.
  • Alleghany Capital currently owns 80% of Kentucky Trailer, through investments made in August 2013 and January 2014.
Transaction Rationale
  • Alleghany Capital was impressed by the quality of the Kentucky Trailer management team, the solid reputation of the company with its customers, and the company’s leading market positions and growth opportunities.
  • Alleghany Capital’s differentiated business model compared with standard private equity funds was critical to Gary A. Smith, Sr. (CEO) and the Tway family, as they evaluated how to expand on the legacy built over the past 100+ years .
  • Alleghany Capital recapitalized the company with limited leverage, encouraged ongoing participation of the Tway family, and is working with management on a 10+ year plan.
Investment Date: August 2013 and Jan. 2014
Transaction Type: Acquisition/Recap
Sample Products