Kentucky Trailer Acquires Advanced Mobility
Kentucky Trailer, a manufacturer of custom trailers and truck bodies, has acquired Advanced Mobility and a field-service operation, the company announced today. As a result of the acquisition, Kentucky Trailer gains a market-leadership position in mobile medical imaging. Advanced Mobility, which will continue to operate under that name, gains the financial resources and support of Kentucky Trailer and Alleghany Capital.
“Advanced Mobility and the field-service operation provide Kentucky Trailer with an enhanced position in the mobile–medical-imaging category and expanded capabilities that we can provide to new and existing customers,” says Kentucky Trailer President/CEO Gary A. Smith Sr. in a press release. “The relationship we formed with Alleghany Capital Corp. in August 2013 was instrumental in providing us the resources necessary to acquire these businesses.”
Founded in 2006 by President Bob Bachman and COO Larry Sodomire, Advanced Mobility designs and builds custom trailers and specialty vehicles primarily for mobile-medical and -television/broadcast markets. To date, Advanced Mobility has manufactured and refurbished hundreds of mobile units for all medical shared-service providers as well as numerous broadcast customers.
“We’ve been in business seven years and have established ourselves in a position where we’re one of the dominant providers of refurbish and upgrade services on broadcast and medical units,” says Bachman. “We’re a specialty-vehicle manufacturer, so, by using that experience that we have and opportunities and relationships that we’ve built, we will ultimately be able to use [Kentucky Trailer’s] balance sheet, size, strengths, and long-term vision to [develop] other markets, like the broadcast market, that we want to become a more dominant player in.”
The acquisition, which was finalized on Oct. 22, allows Kentucky Trailer access to a global sales footprint, a 31,000-sq.-ft. facility located at Advanced Mobility’s Monee, IL, headquarters, and a staff of 38 full-time service professionals and engineers.
“This is a natural next step for Advanced Mobility as the scope of our operations has grown and allows us to continue our partnership with major medical-equipment and television-broadcast companies in providing highly valued products and services,” says Bachman. “Joining Kentucky Trailer, a company that believes in the strength of our people, will provide us with the resources to continue expanding our global business and the ability to enhance opportunities for our employees.