Investment Firms Acquire Great Western Leasing and Sales
Two private equity investment firms, Headhaul Capital Partners and Argosy Investment Partners, have acquired Great Western Leasing and Sales Inc. and will work with the company’s management to grow the business.
Terms were not disclosed.
Great Western sells new and used flatbed and heavy-specialized trailers for a number of manufacturers, including Fontaine Trailer Co., Wilson Trailer Co., East Manufacturing Corp., Manac Trailers USA, XL Specialized Trailers and Side Dump Industries. Based in Irvine, California, the company also provides trailer leasing and rental services and operates from three facilities in California, Utah and Texas.
Sean Norton, founder and CEO of Great Western, said the management team is excited to work with Headhaul and Argosy to accelerate the growth of the business.
“We will continue to stay focused on offering differentiated trailer sales, financing, and repair and maintenance solutions to meet the varied equipment needs of our customers,” he said.
Headhaul Capital, based in New York, also owns airfreight forwarder OL International Holdings. Argosy, based in Wayne, Pennsylvania, has invested in more than 100 companies through five private equity funds and owns stakes in AUC Group, Flow Dry Technologies, LSSI General Services, Panhandle Oilfield Service Cos., Parker School Uniforms, Ranger Aerospace and SirsiDynix Holdings.
