Wabash National Corp. to divest aviation and truck equipment business to AFI Partners

Wabash National Corp., Lafayette, Ind., a diversified industrial manufacturer and producer of semitrailers, truck bodies, and liquid transportation systems, has announced it is selling its Aviation and Truck Equipment (AVTE) business to Garsite Progress LLC, an entity formed by AFI Partners, a New York-based private equity firm.

AVTE, based in Kansas City, Kan., was added to Wabash National’s Diversified Products Group portfolio via the acquisition of Walker Group Holdings in 2012. It includes the Progress Tank brand of truck-mounted tanks for fuels, oil, and waste, as well as Garsite branded aircraft refueling equipment. Both businesses will continue operations under ownership of AFI Partners.