Granite Equity announced today that it has named its portfolio company, XL Specialized Trailers, its 2013 Spotlight Company of the Year. The Spotlight Award is given each year to a Granite Company that has exhibited notable performance. In the two years since the end of 2011, XL has released numerous successful new products and has significantly increased both sales and market share. The company and its performance will be highlighted in a video presentation shown at Granite Equity’s upcoming annual stakeholder meeting.
Jerry Bauerly, XL’s Board Chair, commented, “Over the past years we have been very pleased by the strong results posted by the XL Specialized Team. The great recession hit our industry hard, but XL has emerged a stronger, more sustainable company.”
Steve Fairbanks, XL’s CEO, noted, “I am extraordinarily proud of our Manchester-based leadership team and employees, and pleased to accept this honor on their behalf. Our success is a direct reflection of their commitment and good work.”
Art Monaghan, a Partner with Granite Equity and representative on the XL Board, said: “Granite is pleased to honor XL and also to convey our gratitude to all of the stakeholders who made this award possible, including our customers, our dedicated directors, our lenders, BMO Harris and Marquette Capital, and our ownership partners, Rockwood Equity Partners.”
Granite Equity Partners
Granite Equity, headquartered in St. Cloud Minnesota, invests in, governs, and grows great companies in order to enhance the vitality and prosperity of communities in Greater Minnesota. For a company profile, see www.GraniteEquity.com.