Case Study: Rhino Ventures Acquires Trident Trailer

“Our top goals over the next year are to use SEO and marketing to increase top-line revenue 20-30% as well as to expand our market and equipment offerings.”

Leland Manning, Partner, Rhino Ventures

Axial Members

Member Type	Family Office	M&A Advisory Firm
Axial Member Since	2023	2023
Headquarters	Dallas, TX	Lubbock, TX
Axial Closed Deals	1	1
Axial Profile	View Profile	View Profile

Acquired Business

Location: Houston, TX

Description: Trident Trailer (formerly Discount Dumps) offers high-quality aluminum trailers at competitive prices. Using jigs and fixtures, the team assembles trailers without ever needing tape measures, ensuring consistency and reliability across each model. 

Reason for exit: The business owner was looking to retire after decades of building the business and was looking for both capital and new energy to take the business to the next level

Website  

Rhino Ventures, LLC is a single-family office led by Leland and Ken Manning. The firm is based in Dallas, TX, with a satellite office in Atlanta, GA, and is looking for mid to late-stage business opportunities in the infrastructure, specialty trades, asset-heavy construction, and materials sectors.

About a month after becoming an Axial member in October 2023, Rhino Ventures created a buyside project focused on TX-based businesses across various sectors. The Rhino team explored ~40 transactions, ultimately coming across a project titled Semi-Trailer Manufacturer for Sale in November. This was the inaugural sell-side project created by Daniel Emre of Axiom Acquisition, who had also joined Axial just a month earlier.

The business — which turned out to be Trident Trailer — was initially attractive to Rhino as it strongly correlated with the public infrastructure and materials sectors, which is posed for strong growth over the next decade. After executing an LOI in February of 2024, Rhino completed its acquisition of Trident Trailer four months later in June.

Deal Data