Novae Acquires LOOK Trailers

Novae Acquires Aluma Trailers

January 7, 2026

Manufacturing

Novae, a leading North American trailer manufacturer, has acquired Aluma Trailers to expand its aluminum trailer product offering and strengthen its dealer-distributed platform. Aluma will remain headquartered in Bancroft, Iowa and led by CEO Mike Lloyd and the existing management team; financial terms were not disclosed.

Parts for Trucks Acquires Trailine Trailer Parts

April 12, 2024

Transportation

Parts for Trucks has acquired Trailine Trailer Parts to expand its national parts and service network across Canada. The combined business strengthens Parts for Trucks' footprint to 30 parts warehouses and 14 service facilities, enhancing parts distribution and service capabilities for the heavy-duty trucking industry.

Valley Equipment Ltd Acquires Utility Trailers of New England

March 5, 2024

Trucking & Fleet

Valley Equipment Ltd, a long-standing Canadian Utility dealer, has acquired Utility Trailers of New England, LLC, adding two locations in Seabrook, New Hampshire and North Oxford (Boston), Massachusetts to its network. The acquisition expands Valley Equipment's dealer and service footprint into the Northeastern United States and strengthens support for Utility Trailer and Cargobull North America products in the region.

I Squared-backed Star Leasing Combines with Commercial Trailer Leasing and North East Trailer Services

September 6, 2023

Transportation

Star Leasing Company, a portfolio company of I Squared Capital, has signed an agreement to combine with Commercial Trailer Leasing (CTL) and North East Trailer Services (NETS). The combination creates one of the largest full-service trailer lessors in the United States with an expected combined fleet of approximately 55,000 trailers and expanded national coverage.

Novae LLC Acquires Mirage Trailers LLC

March 5, 2022

Manufacturing

Novae LLC, a portfolio company of Brightstar Capital Partners, has acquired Mirage Trailers LLC, a Nampa, Idaho-based manufacturer of enclosed, utility and towable RV trailers (brands include Mirage and TNT). Mirage was a portfolio company of Crescendo Capital Partners, OFS Capital Corporation and Fidus Investment Corporation; Mirage will continue to operate in Nampa as a division of Novae. The acquisition is an add-on to Novae's platform to expand geographic reach and strengthen dealer relationships across the western U.S. and Canada.

Brightstar Capital Partners Acquires Novae Corp.

December 22, 2021

Manufacturing

Brightstar Capital Partners, a New York-based private equity firm, completed its acquisition of Novae Corp., a Markle, Indiana-headquartered trailer manufacturer, in partnership with Novae founder and senior management who retain significant ownership. Novae operates six trailer brands across 15 manufacturing facilities with more than 1,100 employees and will work with Brightstar to scale operations and expand in a fragmented market.