LLR Partners has sold Reading Truck Body to J.B. Poindexter & Co.
Lincoln International (“Lincoln”), a leading global mid-market investment bank, is pleased to announce that LLR Partners (“LLR”) has sold Reading Truck Body (“Reading” or the “Company”) to J.B. Poindexter & Co., Inc., a privately held, diversified manufacturing company with operations that include the production of commercial truck and van bodies, step-vans, funeral coaches and limousines. The terms of the transaction were not disclosed.
Headquartered in Reading, PA, the Company is the premier North American manufacturer and upfitter of standard and customized truck equipment, providing innovative truck body solutions to a broad range of vocational industries. Reading manufactures service bodies, enclosed bodies, dump bodies, platform & landscape bodies, custom bodies and accessories. The Company also provides equipment upfitting services through five upfitting installation and distribution facilities. For more information about Reading, please visit www.readingbody.com.
Seth Lehr, Partner at LLR, stated “We are extremely pleased we partnered with Lincoln on this transaction. Lincoln has deep experience in the specialty vehicle industry and they ran a very competitive process that resulted in a successful outcome for the Company, its employees and its shareholders.”
Lincoln acted as the exclusive investment banking representative for LLR and Reading, working closely with the Company’s management team and shareholders throughout the sale process. This included providing advisory expertise and managing the preparatory, marketing, negotiation and due diligence phases of the transaction.
Meet Our Senior Team
View More Transactions
Any information or testimonials contained in this post may not be representative of the experience of other clients and is no guarantee of future performance or success.