Minimizer recently acquired Premier Manufacturing, which designs, manufactures, and distributes tractor trailer components. The two companies say they are combining to fast-track their growth strategy to expand product lines and support the expansion.
Premier products will continue to be sold under the Premier brand, and will remain in its Tualatin, Oregon, location. The company’s sales, operations, and management will work closely with Minimizer to develop an overall strategy for company growth and expansion for both Premier and the Minimizer brand of products. Premier’s product line includes couplings/pintle hitches, drawbar eyes/lunette eyes, hinge assemblies, front end assemblies, dolly jacks and accessories.
“Over the last six months, we conducted an exhaustive search for the right partner, one who shared our cultural beliefs and plans for growth over the next five years. Minimizer, backed by Capital Partners, is an ideal fit to help take Premier to the next level,” said Premier Manufacturing CEO Paul Grycko.
According to Minimizer CEO and President Christopher Thorpe, the company has been looking for companies with the same “tested and tortured” philosophy as Minimizer.
“Premier’s strong branded focus and commitment to quality and reliability resonated with what we at Minimizer hold high for success in the heavy-duty trucking sector,” said Thorpe.
Grycko will remain invested in the company as a member of the Management Board, while also performing the roll of president for a short period of transition.
Capital Partners, an investment firm based in Connecticut, has a history of partnering in heavy-duty truck parts companies focused on growth.
“Unlike most private equity firms, we use a low debt investment approach designed to support rapid growth,” said Mark Allstead, managing partner at Capital Partners.
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