Polar Corp acquires two companies
Nov 1, 2005 12:00 PM
Questor Partners Fund II LP announced that a portfolio company, Polar Corp, has acquired two companies that will further strengthen Polar's position in trailer parts distribution and in the Gulf Coast marine market.
The two companies, MTEC International Ltd of Plant City FL and Rockwell American Mfg Co Ltd of Seagoville TX, were purchased from the same investor group, RWH Group Ltd of Dallas TX.
Al Koch, a Questor general partner and chief executive officer of Polar, said the two businesses would be integrated into Polar's Quality Trailer Products division, which manufactures and distributes light- and heavy-duty trailer parts for manufacturers and the aftermarket.
Polar, acquired by Questor in December 2004 from Citigroup Venture Capital, is headquartered in St Cloud MN. The company operates three business divisions: Quality Trailer Products, Polar Tank Trailer, and Polar Service Centers.
Quality Trailer Products manufactures and distributes more than 20,000 different trailer products through a network of 19 distribution centers and three manufacturing facilities.
With the acquisition, Polar now operates a total of 36 facilities and has about 1,100 employees.
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