H.I.G. Capital’s Portfolio Company Big Tex Trailers Announces Numerous Expansion Activities
MIAMI – July 28, 2014 – Big Tex Trailer Manufacturing (“Big Tex” or the “Company”), a portfolio company of H.I.G. Capital, LLC, a leading global private equity investment firm, is pleased to announce the completion of two new premier manufacturing facilities in Wills Point, Texas and Kingston, Oklahoma.
Both facilities have state-of-the-art manufacturing capabilities and significantly expand Big Tex’s production capacity in heavy duty gooseneck trailers, dump trailers, equipment trailers, and heavy duty truck beds. The facilities expand the Company’s significant infrastructure already in place in both Texas and Oklahoma.
The Company has also pioneered some key new features for its heavy duty trailers as it continues to lead the industry in new product development. In addition, Big Tex has made several key hires to help the Company continue to deliver on its Best Trailer, Best Price value proposition.
Ricky Baker, President of Big Tex Trailers said, “We are very pleased with our continued growth and strive to continue to deliver the highest quality products at the best prices to our customers. We appreciate H.I.G.’s support for our continued expansion of our manufacturing, distribution and wholesale capabilities. These investments will help us continue our leadership in the trailer industry.”
About Big Tex Trailers
Headquartered in Mt. Pleasant, TX, Big Tex is the leading national manufacturer of professional-grade trailers, parts and supplies. Big Tex sells its family of leading trailer brands, including Big Tex Trailers, CM/S&H Trailers, Circle J and CM Truck Beds, through a diversified network of over 400 dealers nationwide. The Company maintains manufacturing and assembly facilities in Texas, Oklahoma, Georgia and Idaho. The Company’s Tex Trail division is a leading parts distributor with nine locations. For more information, please refer to the Big Tex website at www.bigtextrailers.com.
About H.I.G. Capital
H.I.G. is a leading global private equity investment firm with more than $15 billion of equity capital under management. Based in Miami, and with offices in Atlanta, Boston, Chicago, Dallas, New York and San Francisco in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris and Rio de Janeiro, H.I.G. specializes in providing capital to small and medium-sized companies with attractive growth potential. H.I.G. invests in management-led buyouts and recapitalizations of profitable and well managed manufacturing or service businesses. Since its founding in 1993, H.I.G. has invested in and managed more than 200 companies worldwide. The firm’s current portfolio includes more than 80 companies with combined sales in excess of $30 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.