TerraVest Industries Acquires Entrans International

TORONTO, ONTARIO — March 17, 2025 — TerraVest Industries Inc. (TerraVest) has announced that it has acquired EnTrans International (Entrans), a premier North American manufacturer of tank trailers and transportation solutions. 

Headquartered in Athens, Tennessee — with additional manufacturing operations in Minnesota, Texas, Mexico, and Thailand — Entrans is a manufacturer of tank trailers, heavy haul trailers and LPG transportation equipment under the Heil Trailer, Polar Tank Trailer, Kalyn Siebert and Jarco brand names. 

The company serves mission-critical sectors, including petroleum, chemical, food-grade and cryogenic transport and has a reputation for engineering excellence. Entrans was acquired for $546 million at closing, plus contingent earn-out consideration based on the future financial performance of Entrans in the 12-month period following the date of acquisition of up to $46 million. 

This represents TerraVest’s largest acquisition to date, with the purchase price representing a multiple of approximately 7x to Entrans’ trailing twelve-month EBITDA1. 

Financial Highlights 

• Immediately accretive to earnings per share
• Low capital expenditure manufacturing business with attractive free cash flow. 

Dustin Haw, chief executive officer at TerraVest, welcomes the employees and management of Entrans and looks forward to their continuing commitment to the company and dedication to their customers. 

“Entrans is a very strategic fit for TerraVest, with the broadest and most reputable product suite in the industry, and a world-class manufacturing footprint,” said Haw. “Together with Advance Engineered Products and our existing compressed gas transportation product offering, TerraVest is a market-leader in the North American tank trailer industry. This acquisition is transformational for TerraVest providing multiple growth opportunities for the combined company and I am very excited to work with Ryan Rockafellow and the rest of the Entrans management team as they grow the business.” 

“Entrans International has built a strong reputation by delivering high-performance solutions to customers across the world,” said Ryan Rockafellow, CEO of Entrans. “This partnership allows us to build on that success by expanding our capabilities, growing our product offerings and strengthening our commitment to delivering industry-leading transportation solutions.”