Featherlite Trailers has been acquired from Universal Trailer Corporation (UTC) by a newly formed company owned by Tim Masud and Howard Palmer. The pair have also acquired UTC’s livestock trailer brands Exiss and Sooner.

Masud, who has more than three decades of experience as an advisor, dealership owner, and investor in the trailer industry, will serve as CEO. The definitive agreement of the purchase was executed on December 31, 2019.

“I am extremely excited about the opportunity to own three iconic brands in the industry that I’ve known and respected throughout my career. Each brand brings something different to the table, and each has served the trailer industry well for many years,” Masud said.

Featherlite Trailers offers an inventory of aluminum trailers for automotive, racing, recreational, utility, horse, and more categories.

The UTC manufacturing plants in Oklahoma and Iowa are also being acquired as a part of this transaction. Featherlite, Exiss, and Sooner trailers will continue to be produced in these plants and will be sold through the established independent network of dealerships that are currently in place.

For more information, visit featherlitespecialty.com.