Transaction Overview
- Represented Dover Corporation in its sale of Heil Trailer to American Industrial Partners.
- Heil Trailer is a leading global manufacturer of engineered trailers and tankers, used to transport liquids such as crude oil and refined petroleum, dry bulk goods such as frac sands and cement, and heavy equipment for energy, defense, and industrial markets.
- American Industrial Partners (AIP) is an operationally-focused private equity firm that has extensive experience in the specialty transportation sector.
Key Observations
- Heil was experiencing strong growth across its platform, led by exceptional demand from the domestic oil and gas sector.
- To support the sale process, we developed detailed financial models to demonstrate sustainable, long-term growth for frac trailers.
- Healthy response from the market enabled us to conduct 10 MPs, involving both strategic and financial buyers.