VRA Partners Advises Main Street Capital Corporation on its Sale of Travis Body & Trailer to Truck Bodies & Equipment International
VRA Partners, LLC is pleased to announce that Travis Body & Trailer, Inc. ("Travis"), a leading manufacturer of all-aluminum dump trailers and a portfolio company of Main Street Capital Corporation ("Main Street") (NYSE: MAIN), has been acquired by Truck Bodies & Equipment International, Inc. ("TBEI"). VRA Partners acted as the exclusive financial advisor to Main Street and Travis. Terms of the transaction were not disclosed.
Based in Houston, Texas, Travis is a leading manufacturer of all-aluminum dump trailers, including end dump, bottom dump and transfer trailers, as well as several specialty application trailers. Travis serves customers in a variety of end markets, such as rendering, municipal solid waste, agriculture, recycling, energy, aggregates, underground utilities and construction. Since its founding in 1989, Travis has sold over 13,000 trailers.
Main Street is a publicly-traded principal investment firm that provides long-term debt and equity capital to lower middle market companies and debt capital to middle market companies. Main Street's portfolio investments are typically made to support management buyouts, recapitalizations, growth financings, refinancings and acquisitions of companies that operate in diverse industry sectors.
TBEI is a Minnesota-based corporation that manufactures dump bodies, landscape bodies, grain bodies, platforms, hoists, and truck and trailer equipment and accessories. TBEI operates with five major brands with 500+ distributors and dealers, across North America.
VRA Partners, an independent Atlanta-based investment bank, focuses on providing M&A services to leading middle-market companies and private equity firms. VRA Partners also assists companies with raising capital for growth, acquisitions, recapitalization, going-private and management buy-out transactions, and provides fairness opinions, valuations and strategic advisory services. The professionals of VRA Partners have completed more than 550 transactions across a broad range of industry sectors, including consumer and retail, business services, healthcare services and technology, industrial products and services, and technology and communications. VRA Partners, LLC is a Member FINRA/SIPC.
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Chris Reilly, Director - Originations