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Truck supplier acquires North Carolina company
A maker of parts and accessories for trucks and trailers has acquired a manufacturer in North Carolina.
Fleet Engineers in Muskegon said today that it has acquired Charlotte, North Carolina-based Save-A-Load, a maker of cargo bars for tractor trailers and pickups.
Wes Eklund, president of Fleet Engineers, said Save-A-Load has built an excellent reputation for responsive services and a commitment to quality by leveraging technology to deliver driver-friendly products.
“This acquisition will enhance the current cargo-management solutions for our customer base, and we are thrilled about the opportunity to manufacture and distribute a new, high-quality product that is unique within the market,” Eklund said. “We are poised for exciting growth and look forward to integrating the manufacturing expertise of Save-A-Load.”
Charter Capital Partners, a Midwest investment banking firm, served as the merger and acquisition advisor for Fleet Engineers during the process.
Elisa Miller, associate at Charter Capital Partners, said the firm worked closely with Fleet Engineers’ ownership to identify a partnership that would support the company’s dedication to delivering solutions to enhance fleet operations.
“We believe the acquisition of Save-A-Load will strengthen the company’s made in the U.S.A. manufacturing presence, while also increasing the value proposition to the market and enhancing overall efficiency for fleets,” Miller said.
Fleet Engineers makes “value-added” product lines for trucks and trailers that address aerodynamics, door systems, spray control and more.
The company’s products are all made is Muskegon.
Fleet Engineers also has several regional warehouse locations: Ontario, California; Sacramento, California; Dallas; Ephrata, Pennsylvania; and Mississauga, Ontario.
Since its establishment in 1994 by President and Chief Executive Officer Larry Sweet, Save-A-Load has made hydraulic cargo-bracing bars.
The company was recognized in 2015 as a Manufacturer of the Year honorable mention from the North Carolina Chamber of Commerce based on criteria such as growth, job creation and innovation.