Jacsten Holdings LLC, a Milwaukee-based family investment firm, has announced an investment in Hartford-based Triton Corp., the latest addition to Jacsten’s portfolio.
Triton has been a family-owned and operated business since its founding in 1975. The family legacy will continue as Jacsten has partnered with the second generation to continue to build on a demonstrated track record of success. Triton’s prior owners, Rochelle and Tony Priesgen, will continue with the business in their current roles and are committed to the ongoing success of the business over the long term.
Rochelle said, “As we considered bringing in a new partner we knew our focus had to be on making sure all of our employees would be taken care of for the long-term as well as providing a platform of continued growth for our customers. Jacsten’s investment approach, as well as its track record, demonstrated to us their commitment to the long-term success of both our employees and our business. We look forward to our partnership with Jacsten and our ability to collectively build upon a legacy my father started over 37 years ago.”
Triton Trailers is one of the oldest aluminum trailer manufacturers for recreational vehicles and utility uses in North America. Triton offers a comprehensive product line of trailers for the snowmobile, ATV, utility, cargo, motorcycle, car hauler, personal watercraft and pontoon markets. Built over the past 37 years, Triton enjoys unrivaled brand name recognition given its commitment to providing quality products to the market and its unwavering commitment to stand behind those products.
In addition to providing growth equity and strategic assistance, Jacsten brings the expertise of its operating partner and co-investor, Dan Rabay, who brings a wealth of manufacturing experience and will be the company’s new chief executive officer.
“Our interest in Triton is based on the company’s strong brand name and reputation for quality in the market. We also feel as though Triton’s well-established North American distribution network is unique in the industry and positions the company nicely for additional growth” said Mike Hansen, Jacsten’s founder.
Given its proprietary capital base, Jacsten is able to pursue a buy-and-hold strategy across its portfolio, allowing for true long-term partnerships with the companies it invests in and their respective management teams.
Hansen will be one of the featured panelists at the BizTimes M&A Forum on Friday, May 3, at the Pfister Hotel in downtown Milwaukee. BizTimes invites company owners interested in buying or selling companies to attend the conference. For more, visit www.biztimes.com/maforum.