Dexter Axle Co., a subsidiary of Novi-based DexKo Global Inc., has acquired HiSpec Wheel and Tire Inc. in Mishawaka, Ind. Terms of the transaction were not disclosed.
Dexter, headquartered in Elkhart, Ind., employs more than 3,800 people in the U.S. and Canada and operates 18 manufacturing facilities and over 30 company-owned distribution locations.
“Uniting Dexter and HiSpec allows us to offer a more comprehensive line of safety related towing products to all our customers and business partners,” says Adam Dexter, president and CEO of Dexter. “We are very excited to bring the HiSpec team into the Dexter family while providing an improved product offering to our valued customers.”
Fred Bentley, CEO of DexKo Global, says, “I am excited to welcome the HiSpec team into the Dexter family. We continue to see opportunity to improve our ability to offer even better products and service to our customers through our distribution and direct channels. HiSpec fits very well within our strategy, and we expect to see significant benefit to the combined business. We continue to demonstrate our ability to effectively acquire complementary companies and integrate them.”
HiSpec designs and provides aluminum and steel wheels, tires, and related accessories to the RV, trailer, and transportation industries. The company has earned a reputation for offering the safest and most innovative wheel and tire assemblies in the industry, while providing the highest level of customer service and satisfaction.
“We have worked with Dexter for 20 years,” says Brad Richards, founder and president of HiSpec. “I feel very comfortable that we are passing the baton to a team with great integrity and experience. It will be gratifying to see DexKo take HiSpec to the next level in the years to come.”
Dexter serves utility trailer, recreational vehicle, marine, heavy-duty, agricultural, specialty equipment manufacturers and distribution partners.
DexKo Global employs more than 7,000 associates with 52 production facilities and 49 distribution centers.