The Sterling Group, a middle-market private equity firm based in Houston, Texas, has acquired the Dexter Axle business from Tomkins Industries, Inc., a subsidiary of Pinafore Holdings B.V.
“We are excited about the opportunity to draw on our deep experience with corporate carve-outs to transition Dexter to a standalone business,” said Kevin Garland, Partner at The Sterling Group.
Headquartered in Elkhart, Indiana, Dexter is a supplier of axles, brakes, suspension assemblies, doors, venting products, and related components in the industrial and utility trailer, recreational vehicle, heavy-duty and manufactured-housing markets.
Said Adam Dexter, CEO of Dexter, “The entire team is thrilled by Sterling’s support of our business, our culture, and our commitment to delivering the best customer service and product quality in the trailer running gear market.”