Wabash National Corp., an Indiana-based manufacturer of semi trailers, has entered into an agreement to acquire New Lisbon’s Walker Group Holdings, LLC, for $360 million.
The all-cash transaction is expected to close in the second quarter, subject to regulatory approval.
Wabash National President and Chief Executive Officer Richard Giromini said the acquisition is consistent with its diversification strategy. He said the Walker Group, a maker of liquid-transportation systems and engineered products, has a leading position in nearly every one of its product categories, well-known brands, and strong customer relationships.
“Our two companies share a strong cultural fit,” Giromini stated in a press release.
Wabash is headquartered in Lafayette, Indiana.
Walker Group Holdings is a portfolio company of Insight Equity Holdings, LLC, a private equity firm based in Dallas. In 2011, the group generated revenue of $344 million.
