TAMPA BAY, Fla. – Performance Trailers Inc., which has produced aluminum and galvanized boat trailers since 1984, is up for sale, and has retained a Maryland firm to handle the process, the Tampa Bay Business Journal reported in a Miami Heraldstory yesterday.
Performance Trailers, based in Clearwater, Fla., ceased operations in late September after a downturn in the boating industry depressed its revenue from $15 million to $12 million. The company has a 115,000-square-foot manufacturing plant that includes 3,000 square feet of corporate offices.
Equity Partners Inc., which will administer the sale, is headquartered in Pasadena, Md. It provides investment-banking services exclusively for businesses suffering from financial distress. It has completed more than 300 transactions throughout the United States since 1988, including more than 150 in Chapter 11 bankruptcy cases.
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