The acquisition of Summit Trailer Sales, Inc. by Jorden Industries, known for owning Clement Trailers and Hilbilt Trailers, marks a significant milestone in the trailer manufacturing industry. This move not only consolidates Jorden Industries' position in the market but also ensures the legacy of Summit Trailer Sales, a company renowned for its client-centered approach since 1970, continues under new ownership. The transaction, facilitated by Benchmark International, underscores the importance of strategic partnerships in fostering business growth and innovation.
Chuck Pishock, President/CEO of Summit Trailer Sales, highlighted the acquisition as a fulfillment of his father's dream, emphasizing the familial aspect of the business and its future under Jorden Industries. The integration of Summit Trailers into Jorden Industries' portfolio, which includes the long-standing Clement and Hilbilt brands, is expected to leverage combined strengths in manufacturing, sales, and marketing to explore new markets. Jamey McMahon, Chairman of Jorden Industries, expressed optimism about the potential to expand the Summit, Clement, and Hilbilt brands into regions where they previously had limited presence.
The role of Benchmark International in this transaction was pivotal, with Peyton Terry, Senior Deal Analyst, commending Pishock's trust in the advisory process. This acquisition not only represents a new chapter for Summit Trailer Sales but also highlights the dynamic nature of the trailer manufacturing industry, where strategic acquisitions can lead to enhanced market presence and innovation. For more information on the companies involved, visit https://www.clementtrailers.com and https://www.hilbilt.com.
