TerraVest Industries acquires Engineered Transportation International

March 20, 2025 By Brian Richesson

TerraVest Industries acquired Engineered Transportation International (EnTrans), a North American manufacturer of tank trailers and transportation solutions.

Headquartered in Athens, Tennessee, with additional manufacturing operations in Minnesota, Texas, Mexico and Thailand, EnTrans is a manufacturer of tank trailers, heavy haul trailers and LPG transportation equipment under the Heil Trailer, Polar Tank Trailer, Kalyn Siebert and Jarco brand names. The company serves mission-critical sectors, including petroleum, chemical, food-grade and cryogenic transport.

TerraVest acquired EnTrans for $546 million at closing, plus contingent earn-out consideration based on the future financial performance of EnTrans in the 12-month period following the date of acquisition of up to $46 million. The deal represents TerraVest’s largest acquisition to date.

TerraVest shared its strategic rationale for acquiring EnTrans:

Well-established manufacturer with longstanding brand recognition in a mature, niche industry with diversified end markets
High-quality, young management team with capability to grow the platform
Complementary product lines that will allow for cross-selling opportunities across North America
Exceptional manufacturing facilities with excess capacity for TerraVest to leverage
Benefits through supply chain and procurement economies of scale with many existing TerraVest product lines
Multiple growth avenues through new cryogenic product lines, Department of Defense expertise, as well as inorganic opportunities in other niche transportation end markets
Added geographical diversification further mitigates against tariff exposure across TerraVest’s corporate platform

“EnTrans is a very strategic fit for TerraVest, with the broadest and most reputable product suite in the industry and a world-class manufacturing footprint,” says Dustin Haw, CEO of TerraVest, in a news release. “Together with Advance Engineered Products and our existing compressed gas transportation product offering, TerraVest is a market leader in the North American tank trailer industry.”

Adds Ryan Rockafellow, CEO of EnTrans, “EnTrans International has built a strong reputation by delivering high-performance solutions to customers across the world. This partnership allows us to build on that success by expanding our capabilities, growing our product offerings and strengthening our commitment to delivering industry-leading transportation solutions.”

TerraVest also announced that it has amended and restated its existing credit facility to fund the acquisition of EnTrans with a syndicate of lenders led by Desjardins Group acting as sole lead arranger, sole bookrunner and administrative agent.