Private equity firm HIG Capital has sold its portfolio company, Big Tex Trailers – a manufacturer and retailer of professional-grade open utility trailers and truck beds – to Bain Capital Private Equity.
HIG recapitalised the company in 2012 alongside founder and former owner Ricky Baker. Since then, the company has made significant investments in additional manufacturing facility infrastructure, automation, manufacturing best practices, marketing initiatives, management team augmentation and addition of new dealers and company-owned retail stores.
Roman Krislav, Managing Director of HIG, says: “Big Tex is an exceptional company with a strong value proposition and outstanding growth profile. We are very proud of the investments we made in infrastructure, processes and human resources that have enabled Big Tex to become a world class company and the best manufacturer in the industry. The company generated outstanding revenue and EBITDA growth, which resulted in a highly successful investment outcome for management, HIG and its investors. We look forward to watching Big Tex’s continued growth with its new partners.”
Curt Howell, CEO of Big Tex, says: “HIG has been an exceptional partner – their guidance and support have helped us more than double the size of the company over the last three years, and provided the foundation for continued growth for years to come.”
