Wabash National completes purchase of Walker Group Holdings

May 9, 2012

Wabash National Corp. has completed its purchase of Walker Group Holdings, a producer of liquid transportation systems and engineering products. Wabash paid $360 million for the company in an all-cash purchase.

Walker is based in New Lisbon, WI.

“I am pleased to formally welcome Walker’s leadership team and associates to Wabash National,” said Richard Giromini, Wabash president & CEO. “The acquisition brings together two complementary, leading transportation equipment organizations.  The addition of Walker to our Diversified Products segment further advances our diversification efforts and bolsters our growth platform into higher margin products.”

Concurrently with the closing of the Walker acquisition, Wabash also successfully syndicated two senior secured credit facilities, including a seven year, $300 million Term Loan B and an Amended and Restated $150 million five year revolving credit facility.   Proceeds from the term loan and Wabash’s issuance of 3.375% Senior Convertible Notes due 2018, previously announced on April 17, 2012, were used to finance the acquisition and related fees and expenses.  


Sponsored Recommendations

Making Zero Emissions Trucks Work for Your Fleet’s Workflow in 2024

No one expects fleet owners to transition to an all-electric fleet overnight. Learn to transition to electric trucks: cut carbon, costs, and boost efficiency. Get your strategy...

The U.S. Labor Department’s New Independent Contractor Rules: What Motor Carriers Should Know

Join us on March 14th to navigate the U.S. Labor Department's new independent contractor rules. Gain key insights into the new "economic realities test", the impact on misclassification...

Electrifying Progress: PepsiCo's Sustainable Fleet Transformation

PepsiCo looks toward a sustainable future with electrified fleets powered by reliable, energy-conscious, and turn-key EV solutions.

Heavy-Duty Maintenance Checklist

A maintenance checklist can help ensure you hit everything necessary during an inspection. Check out our free downloadable checklist to help streamline your repairs.

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!