Dexter Acquires Business of Premium Supply
DEXTER, a Subsidiary of DexKo Global, Acquires Business of Premium Supply
NOVI, MICHIGAN (April 13, 2022) – DexKo Global Inc., the global leader in highly engineered trailer running gear, chassis assemblies, and related components, announces that its wholly-owned subsidiary, DEXTER Axle Company LLC (“DEXTER”), has acquired the business and assets of Premium Supply Ltd. (“Premium” or the “Company”) located in Greenville, TX. DEXTER, headquartered in Elkhart, Indiana, employs over 3,800 people in the U.S. and Canada and operates 18 manufacturing facilities and over 30 company-owned distribution locations. Founded in 1960, Dexter has built a reputation as a trusted brand serving utility trailer, recreational vehicle, marine, heavy-duty, agricultural, specialty equipment manufacturers and distribution partners.
For over 25 years, Premium Supply has specialized in custom trailer hoists, hydraulic kits, pumps, controls, and accessories. The Company has distributed these quality products and kits to the tilt, dump, and utility trailer markets from a warehousing and kitting facility in Greenville, TX.
“Over the past six decades, DEXTER has developed the most diverse product offering in the industry,” states Adam Dexter, President and CEO of DEXTER. “The Premium Supply business is a natural fit with the DEXTER organization. Their industry and product knowledge will enable our companies to better serve the marketplace.”
“Together, we will drive exciting industry developments and offer a full range of towing solutions for our dump and tilt customers,” adds Fred Bentley, CEO of DexKo Global. “Premium Supply customers should expect to see substantial benefits from DEXTER’s extensive national footprint for servicing large and small OEMs, dealers and service centers in the dump trailer market. Additionally, our combined supply chain expertise will enhance our ability to service customers with just-in-time delivery.”
“This partnership is a great cultural fit, aligning resources to further our goal of providing the best service and customer experience in the industry,” Mark Huddleston, President of Premium Supply.
“I'm very excited to work with DEXTER and help bring hydraulics to their portfolio. With our knowledge of the hydraulic side of the industry and DEXTER's resources and customer relationships, this seems like a natural fit,” adds Jeff Murphy, Shareholder of Premium Supply.
