Novae LLC, one of the fastest-growing trailer manufacturers in North America, has acquired LOOK Trailers, the largest manufacturer of cargo trailers in the U.S., according to a statement from Brightstar Capital Partners, a private equity firm that acquired Novae in late 2021.
LOOK will continue to operate its six manufacturing facilities and expansive dealer network as a division of Novae. LOOK Founder and CEO Matt Arnold will serve as chief innovation officer of Novae. The financial terms of the private transaction were not disclosed.
“By joining forces, LOOK and Novae will make great strides toward our goal of creating the best North American trailer company,” said Chris Storie, chief operating officer of Novae. “Matt Arnold and the great LOOK team have created a company that is highly regarded in the industry for exceptional quality and service. Together, we will have more than 1,800 employees, 22 manufacturing facilities, and an active dealer network of approximately 1,100 partners, providing a strong foundation to expand our geographic reach and product range.”
Founded in 2010 and based in Middlebury, Ind., LOOK is a family-owned manufacturer of standard and custom-built enclosed trailers, which are sold through a US and Canada-based dealer network. Its products are primarily focused on serving the cargo trailer market, with applications including general hauling, auto, contracting, and mobile workspaces.
“We know the Novae team well, and have tremendous respect for their leadership position in our industry,” Look’s Arnold said. “With a shared vision and values, a passion for quality products and service, and the increased resources and scale provided by our combination, I am confident that we can grow together.”