Southlake Equity Group has acquired Carry-On Trailer Corporation, the largest manufacturer of light-duty trailers in the United States. Together with its prior acquisition of PJ Trailers, Inc., the companies form operating units of the newly formed American Trailer Works, Inc.
Carry-On Trailer Corporation sells its broad line of branded utility and cargo trailers through "big-box" retailers and independent dealers. PJ Trailers is the largest manufacturer of professional-grade utility trailers and sells the PJ brand through a network of independent dealers.
“This merger leverages the unique and complementary strengths of the two leading brands and brings together the most experienced and capable leadership teams in the trailer industry,” said Tom Keene, Partner at Southlake Equity Group. “Both companies will continue to operate under their widely recognized, industry-leading brands, and we will work closely with management to leverage the complementary strengths of the companies."
J. Pearson, the Founder and Chief Executive Officer of Carry-On Trailer Corporation, is also now the Chief Executive Officer of American Trailer Works and brings nearly 20 years of innovation and leadership in the industry to the job. He will also remain as Chief Executive Officer of Carry-On Trailers.
Douglas Clark, President of PJ Trailers, Inc., will also be Chief Financial Officer of the company. Tom Keene will become Executive Chairman of American Trailer Works.