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American Industrial Partners purchases Heil Trailer from Dover

American Industrial Partners, New York, a middle-market private equity group focused on acquiring and improving North American-headquartered industrial businesses, has purchased Heil Trailer Intl., Athens, Tenn., from Dover Corp.

Heil Trailer is a global provider of engineered tank and specialty trailers for end markets including oil and gas and infrastructure. The company has three manufacturing facilities in North America and plants in Thailand and Argentina.

Concurrent with the acquisition, Randall Swift has been appointed as CEO of Heil. He previously served as CEO of Allied Specialty Vehicles Inc., a portfolio company of American Industrial Partners. In addition, Bob Foster has rejoined Heil as chairman of the board. He was Heil's president for 15 years before retiring in 2006.