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2021 - Progress

Progress Mfg. Inc. has been Acquired by DexKo Global

THE TRANSACTION

On December 8, 2021, Progress Mfg. Inc. (“Progress”), a leading manufacturer of high-quality, custom-engineered, safety-critical towing and trailering products, such as integrated sway control and weight distribution hitches, announced that it has been acquired by Dexter Axle Company (“Dexter”), a wholly-owned subsidiary of DexKo Global Inc. (“DexKo”), the global leader in highly engineered trailer running gear, chassis assemblies, and related components.

Progress provides Dexter with well-known brand names, Equal-i-zer® Hitch and Fastway® Trailer Products, and award-winning towing products such as hitches, ball mounts, wheel chocks, and other trailer accessories that keep travelers safe on the road.

Progress and Dexter share a long-standing focus on high-quality products, outstanding customer service, and strong brand recognition in the towing industry. The transaction positions Progress to continue to grow its brands, develop best-in-class products, and strengthen meaningful customer relationships.

Our Client

PROGRESS MFG. INC.

Progress Mfg. Inc. is a leading manufacturer of high-quality, custom-engineered, safety-critical towing and trailering products, such as integrated sway control and weight distribution hitches. Progress’ well-known brand names Equal-i-zer® Hitch and Fastway® Trailer Products are sold through an extensive dealer network in North America. For over 75 years, Progress has been focused on designing and making award-winning towing products such as hitches, ball mounts, wheel chocks, and other trailer accessories that keep travelers safe on the road. For more information visit www.progressmfg.com.

Transaction Partner

DEXKO GLOBAL INC.

DexKo Global Inc. is the world's leading supplier of advanced chassis technology, chassis assemblies and related components with more than 130 years of experience in trailer and caravan components.  DexKo Global was founded at the end of 2015 through the combination of Dexter and AL-KO Vehicle Technology.  With its headquarters in Novi, Michigan, the company employs more than 7,000 associates with 52 production facilities and 49 distribution centers. For more information, please go to www.dexko.com.

CONTACT

Managing Director
Automotive & Truck
Managing Director
Automotive & Truck
Senior Analyst
Automotive & Truck