Sept. 4, 2013
/PRNewswire/ -- Alleghany Capital Corporation ("Alleghany Capital"), a wholly-owned subsidiary of Alleghany Corporation, today announced that it has acquired an interest in R.C. Tway Company, LLC ("R.C. Tway"), a fourth generation family-owned company headquartered in
. R.C. Tway is the parent company of Kentucky Trailer, a leading manufacturer of custom trailers and truck bodies for the moving and storage industry and other markets.
Gary A. Smith, Sr.
, President and Chief Executive Officer of R.C. Tway, commented, "The investment by Alleghany Capital provides a unique opportunity for Kentucky Trailer. Through this partnership, Kentucky Trailer is better positioned to accelerate planned growth initiatives with our strong management team, serve our existing and new customers, and build on our company's family heritage by providing the opportunity for the involvement of the next generation."
David Van Geyzel
, President and Chief Executive Officer of Alleghany Capital, stated, "Over the past 77 years, under the leadership of R. C. Tway, Sr. and his descendants, Kentucky Trailer has provided its customers in the moving and storage industry and other specialized markets with high quality custom trailers and services. We look forward to partnering with Kentucky Trailer's dedicated management team and associates as the company embarks on the next chapter of its already distinguished history."
Hunter Wise Securities, LLC acted as financial advisor and Olshan Frome Wolosky LLP acted as legal counsel to Alleghany Capital. Ackerson & Yann, PLLC acted as legal counsel to R.C. Tway.
R.C. Tway Company, LLC
R.C. Tway Company, LLC is the parent company of four operating divisions: (i) Kentucky Trailer Manufacturing (KTM), which designs, builds, and manufactures custom trailers for the moving and storage, snack food, package delivery, and logistics industries as well as other niche markets; (ii) Kentucky Trailer Services (KTS), which delivers complete repair, reconditioning, paint, and other services for trailers and truck bodies; (iii) Kentucky Trailer Technologies (KTT), which builds custom specialty vehicles and other mobile platforms for a variety of markets; and (iv) Kentucky High Tech Performance Trailers (KHT), which designs, builds, and manufactures race transporters for a variety of race series and motorsport venues.