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GenNx360 Capital Partners Announces Investment in Truck Bodies and Equipment International Inc.
GenNx360 Capital Partners, a New York-based private equity firm investing in middle market companies, today announced its investment in Truck Bodies and Equipment International Inc. (“TBEI” or the “Company”). TBEI is a manufacturer of dump truck bodies, dump trailers, other specialty bodies, hoists, parts and accessories. It serves the Class 3 – 8 vocational truck market across a diverse set of applications in the construction, municipal, landscape, demolition, agricultural, infrastructure and defense end markets. TBEI operates four strategically located manufacturing and installation facilities in Minnesota, Alabama, Mississippi, and North Dakota with additional support from a national network of third party warehouses. The transaction represents the fifth platform investment for GenNx360’s Fund II. Terms of the transaction were not disclosed.
“As we enter our next phase of growth, we are extremely excited to partner with GenNx360. GenNx360’s significant experience in managing and growing companies, its industry relationships and deep operational expertise will help us immensely in our continued growth efforts and operational excellence,” said Bob Fines, President and CEO, TBEI.
Ron Blaylock, the GenNx360 Founder and Managing Partner who led the transaction said, “GenNx360 believes that strong industry fundamentals, driven by residential and commercial construction and increased municipal infrastructure spending, provide attractive growth prospects for TBEI’s industry leading brands. TBEI is ideally positioned as an acquisition platform in a regionally focused and fragmented market.”
About GenNx360 Capital Partners
About Truck Bodies and Equipment International Inc.
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