(Dec. 31, 2007) – Rockwood Equity Partners, LLC has partnered with Granite Equity Partners to assist Scott Wall, President, CEO and second generation founding family member, in the acquisition of the assets of XL Specialized Trailers, Inc. (“XL” or the “Company”). The transaction will provide resources for Wall to assume formal leadership of XL, provide liquidity to the founding generation and properly position the Company with specific human and financial capital for future growth.
Based in Manchester, Iowa, XL manufactures premium quality, commercial and construction style trailers that combine safety, durability, value and innovation. The Company’s highly specialized products focus primarily on serving heavy haul applications in the infrastructure, agricultural, utility, oil and gas, mining and alternative energy markets in North America. In the twelve years since its founding, XL has grown to generate nearly $50 million in annual revenues.
“We are excited to once again partner with Granite Equity and to assist a founding family in its succession planning,” said Brett R. Keith, Managing Director of Rockwood Equity Partners. “We are thrilled to be partnering with Scott Wall and his management team. XL has had impressive growth and has an excellent reputation in its niche industry.”