This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Alleghany Capital Corporation Announces Investment In Kentucky Trailer

Stocks in this article: Y

NEW YORK, 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 Louisville, Kentucky.  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. 

About 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.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs