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.  


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