#United States #Minneapolis #Novae #Northborne Partners #Aluma Trailers

Aluma Trailers' Acquisition by Novae: A Strategic Milestone

Northborne Partners has recently played a pivotal role as the exclusive financial advisor in the sale of Aluma Trailers to Novae, owned by Brightstar Capital Partners. This acquisition, while retaining undisclosed financial terms, marks a significant moment in the trajectory of both companies.

About Aluma Trailers

Founded in 1992 and based in Bancroft, Iowa, Aluma Trailers has established itself as a premier manufacturer of aluminum trailers. Its offerings include a diverse range of utility, recreational, and commercial trailers, which are distributed through a solid network of dealers across the United States and Canada. Renowned for their lightweight aluminum construction, Aluma's trailers are synonymous with durability and long-term value. The company has built a reputation for quality and excellent service, recognized consistently with industry-leading warranties.

Strengthening the Portfolio

Novae, which specializes in both open and enclosed cargo trailers, views the inclusion of Aluma in its product line as a strategic enhancement. The acquisition is aimed at fortifying Novae's robust portfolio of aluminum trailer brands available through its extensive dealer network, promoting mutual growth and industry leadership.

In his statement, Mike Lloyd, President of Aluma since the year 2000, expressed his enthusiasm about the acquisition. He highlighted that the synergy between Aluma and Novae, which share a mutual commitment to quality and customer satisfaction, aligns perfectly for continued growth and success. He reaffirmed that the partnership aims to further support dealers and enhance the overall buying experience.

Northborne's Role in the Transaction

Mike Lloyd also praised Northborne Partners for their expert guidance throughout the negotiation process. Their dedication and expertise played a crucial role in ensuring the transaction's smooth execution. The Northborne team provided consistent support, allowing Aluma to navigate the complexities of the deal with confidence while safeguarding their interests.

Paul Jevnick, Managing Director at Northborne, shared his pride in facilitating the partnership between Aluma and Novae. He acknowledged the importance of leveraging Northborne's extensive experience in working with family-owned businesses, affirming that their expertise was instrumental in reflecting the interests of Aluma's management and owners.

Future Prospects

Under Novae's ownership, Aluma Trailers is expected to thrive, benefiting from the broader resources and capabilities of its parent company. As the trailer industry continues to evolve, the strategic goals of both companies suggest a promising future marked by innovation and increased market share.

About Northborne Partners

Northborne Partners is a distinguished investment banking firm situated in Minneapolis, MN, focused on middle-market advisory services. With a specialization in mergers and acquisitions for various sectors, including industrial and healthcare, Northborne has established a strong presence in the investment landscape, particularly regarding family-owned enterprises.

About Novae

Based in Markle, IN, Novae is a leading manufacturer actively engaged in the production of both open and enclosed trailers alongside truck bodies. With a diverse array of brands and over 1,000 employees across more than 20 manufacturing sites, Novae's acquisition of Aluma is poised to augment its dealer partnerships and enhance operational efficiency.

This transaction exemplifies the ongoing consolidation trend within the trailer manufacturing sector, reflecting market dynamics that prioritize quality, innovation, and customer service. As this industry advances, it will be interesting to observe how these strategic alignments reshape competitive landscapes and drive future growth.