M&A Deal Summary

Dexter Axle Co. Acquires Progress

On December 9, 2021, Dexter Axle Co. acquired automotive company Progress

Acquisition Highlights
  • This is Dexter Axle Co.’s 4th transaction in the Automotive sector.
  • This is Dexter Axle Co.’s 4th transaction in the United States.
  • This is Dexter Axle Co.’s 1st transaction in Utah.

M&A Deal Summary

Date 2021-12-09
Target Progress
Sector Automotive
Buyer(s) Dexter Axle Co.
Deal Type Add-on Acquisition

Target

Progress

Provo, Utah, United States
Progress is a manufacturer of high-quality, custom-engineered, safety-critical towing and trailering products, such as integrated sway control and weight distribution hitches. Progress is based in Provo, Utah.

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Buyer(S) 1

Buyer

Dexter Axle Co.

Elkhart, Indiana, United States

Category Company
Sector Automotive
DESCRIPTION

Dexter Axle Co., Inc. is a designer and manufacturer of trailer axle, brake and suspension assemblies and related replacement parts used primarily in the industrial and utility trailer.


DEAL STATS #
Overall 4 of 5
Sector: Automotive M&A 4 of 4
Type: Add-on Acquisition M&A Deals 3 of 4
State: Utah M&A 1 of 1
Country: United States M&A 4 of 5
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-19 Redneck Trailer Supplies

Springfield, Missouri, United States

Redneck Trailer Supplies is a trailer manufacturer whose focus was building gooseneck trailers. Redneck distributes thousands of stocked trailer parts and accessories to manufacturer, dealer, and retail customers. Redneck Trailer Supplies was founded in 1979 and is based in Springfield, Missouri.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-13 Premium Supply

Greenville, Texas, United States

Premium Supply is specialized in custom trailer hoists, hydraulic kits, pumps, controls, and accessories. Premium Supply has distributed products and kits to the tilt, dump, and utility trailer markets from the warehousing and kitting facility. Premium Supply is based in Greenville, Texas.

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