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Fort Capital Partners is pleased to announce that Magnum Trailer and Equipment Inc. (“Magnum”), a Krystal Growth Partners portfolio company, has been acquired by the Merritt Family of Companies.
Established in 1984 and based in Abbotsford, BC, Magnum specializes in manufacturing a wide range of trailers and truck accessories for the class 8/heavy-duty truck market. The Company manufactures trailers in a variety of categories including: customized bomb carts for the port industry, specialized live haul trailers, highway trailers, oil & gas trailers, and custom trailers. Accessories that are produced include: a range of front-end protection, chain hangers, deck plates, fenders, toolboxes and more. The Company also provides service, repairs and custom fabrication for trucks and trailers through its fully equipped service division.
With this acquisition, the Merritt Family of Companies – Merritt Aluminum Products Company, Merritt Trailers, Inc., Magnum Trailer and Equipment Inc. and Merritt Companies, LLC – now employs over 520 team members across North America, operating out of 5 locations with over 400,000 sq ft of production and service center capacity.
Fort Capital acted as financial advisor to Magnum.