Dexter, a subsidiary of DexKo Global Inc., an Elkhart, Indiana-based provider of highly engineered trailer running gear, chassis assemblies and related components, subsidiary, has acquired Kodiak, a Ft. Worth, TX-based manufacturer of light and medium duty axle brakes serving the marine, RV, horse, commercial, industrial, cargo, and select military market segments.
The amount of the deal was not disclosed.
DexKo Global is a portfolio company of KPS Capital Partners, LP, the manager of the KPS Special Situations Funds, a family of investment funds with approximately $5.2 billion of assets under management.
FinSMEs
23/01/2018
THE PRESS RELEASE
DexKo Global Acquires the Assets of Kodiak Products Company, Inc.
ELKHART, Ind., Jan. 22, 2018 /PRNewswire/ — DexKo Global Inc., a global leader in highly engineered trailer running gear, chassis assemblies and related components is pleased to announce that its subsidiary, Dexter, has acquired Kodiak, based out of Ft. Worth, TX. Kodiak is a manufacturer of light and medium duty axle brakes serving the marine, RV, horse, commercial, industrial, cargo, and select military market segments.
“We are excited to add the well-known, premium brake brand, Kodiak, to the Dexter portfolio,” stated Fred Bentley, CEO of DexKo Global. “Combining our companies will collectively offer our customers the best trailer components and service in the trailer industry.” Bentley added, “As we carry out our DexKo 2020 plan, we continue to see opportunities to improve our product offering through the type of value-added acquisitions that we have recently announced. Our new owner, KPS, is providing full support to add highly engineered and high growth products to our globally leading running gear product offering.”
“Kodiak has built a recognized brand, positioned as a leader of disc brakes, over the last several decades,” adds Adam Dexter, President and CEO of Dexter. “Adding additional products to the Dexter product line up will further enhance our ability to service our customers.”
Dexter, headquartered in Elkhart, Indiana, employs over 2,400 people in the U.S. and Canada, and operates 15 manufacturing facilities.
“We are delighted to join the Dexter team and look forward to uniting our best practices to offer our combined customers the best trailer products and exceptional customer service,” said Cameron Rapp, President of Kodiak.
DexKo Global is a portfolio company of KPS Capital Partners, LP (“KPS”). KPS is the manager of the KPS Special Situations Funds, a family of investment funds with approximately $5.2 billion of assets under management.