HIG Capital completes recapitalisation of Big Tex Trailer
An affiliate of global private equity investment firm HIG Capital has completed the recapitalisation of Big Tex Trailer Manufacturing.
Headquartered in Mt Pleasant, Texas, Big Tex is a manufacturer of professional grade open utility, equipment, horse, livestock, and cargo trailers and truck beds in the US and Canada. Big Tex features a collection of prominent brands including Big Tex, CM, S&H, and Circle J.
Roman Krislav (pictured), principal of HIG Capital, says: "We are very pleased to be partnering with Ricky Baker and the talented Big Tex team and look forward to the company’s next phase of growth. Big Tex is the industry leader and has made meaningful investments in automation and infrastructure, enabling it to deliver on its unique ‘Best Product, Best Price’ value proposition. HIG looks forward to supporting the company’s expansion across the US while still delivering the best products, the lowest prices in the industry and exemplary customer service to its professional grade customers and dealers."
Ricky Baker, who will continue as president and chief executive and as a significant shareholder, says: “We are excited about HIG Capital’s investment and look forward to continuing to build the Big Tex platform. We view this as an exciting time in our industry and look forward to growing our business together. Our customers and dealers will continue to receive our ‘Best Product, Best Price’ value proposition along with the quality construction, innovative designs, service, and industry-leading lead times they have come to expect from Big Tex over the last 30 years. We are excited that HIG’s investment will help us capitalise on the growth we expect in the years to come.”
Legacy Capital Advisors advised Big Tex on the transaction.
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