US corporate buys trailer firms from UTC

From the January 2020 issue.

A newly formed corporation, owned by Tim Masud and Howard Palmer, has acquired US brands Exiss, Featherlite and Sooner from Universal Trailer Corporation (UTC).

Masud will serve as CEO and has more than three decades of experience as an advisor, dealership owner and investor in the trailer industry. The definitive agreement for this purchase was executed 31 December 2019.

The UTC manufacturing plants in Oklahoma and Iowa are also being acquired as a part of this transaction. Exiss, Featherlite and Sooner trailers will continue to be produced in these plants and will be sold through the established independent network of dealerships that are currently in place.

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