DexKo acquires towing and trailering products manufacturer Progress Mfg.

DexKo Global, an Indiana-based manufacturer of highly engineered trailer running gear, chassis assemblies, and related parts, has acquired Progress Mfg. Inc.

The acquisition was executed by its fully-owned subsidiary — Dexter Axle Company.

Based in Provo, Utah, Progress Mfg is engaged in manufacturing custom-engineered, safety-critical towing and trailering products like weight distribution hitches and integrated sway control.

The company owns brands such as Equal-i-zer Hitch and Fastway Trailer, which are sold via a dealer network in North America.

For more than 75 years, Progress Mfg has designing and making towing products like hitches, wheel chocks, ball mounts, and other trailer accessories.

Jed Anderson — CEO of Progress Mfg said: “We are excited to join the Dexter family. This is a great opportunity to continue to grow the brands we have developed over the past 75 years.

“Partnering with Dexter, a strong, reputable organization, will support our next steps in our long-term growth strategy, allowing us to continue developing best-in-class products with meaningful customer relationships.”

DexKo Global, which is headquartered in Elkhart, has a workforce of more than 3,800 people across the US and Canada. The company has 17 manufacturing facilities and 32 distribution locations.

Established in 1960, Dexter has been catering to the utility trailer, recreational vehicle, agricultural, marine, heavy-duty, and specialty equipment manufacturers and distribution partners.

Fred Bentley — CEO of DexKo Global said: “The products and people at Progress make a great addition to the Dexter portfolio, rounding out an already diverse offering.

“Together, Dexter and Progress will be able to further support our collective customers. We look forward to working with the Progress team to continue to offer innovative new towing solution products.”