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The Hoffmann Family of Cos., a Naples-based conglomerate with a portfolio of companies from vineyards to a luxury fleet business, has acquired Doonan Specialized Trailer, a custom semitrailer manufacturer based in Great Bend, Kansas.
Financial terms of the deal weren’t disclosed.
Doonan, according to a statement, is a 50-year-old company with 57 dealer locations across North America, “making it a key player in the transportation industry.” Mike Ruddle, vice president of operations at Doonan, and Kelly Zecha, national dealer manager/application specialist, will both “continue to play pivotal roles” in the business after the deal closes, the release states.
"As we continue to grow our network, our venture with Doonan is an affirmation of our belief in the future of American manufacturing," Hoffmann Family of Cos. co-CEO Geoff Hoffmann says in the statement. “Doonan is a great fit for the Hoffmann Family of Companies, and we have tremendous confidence in the proven management team and the positive culture fostered throughout the company. We are excited for our future success as the team continues to operate and expand the business."
The Doonan acquisition expands HFOC’s presence in the transportation sector, building on its 2021 purchase of Texas Bragg Trailers, based in Mount Pleasant, Texas.
The Hoffmann Family of Cos. made big headlines in Southwest Florida in late October, when it sold 27 commercial real estate properties in Naples for $182 million to Aspen, Colorado-based M Development.
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