Brands Acquired

The Exiss, Featherlite and Sooner brands have been acquired from Universal Trailer Corporation (UTC) by a newly formed corporation, owned by Tim Masud and Howard Palmer. Mr. Masud will serve as CEO and has more than three decades of experience and success as an advisor, dealership owner and investor in the trailer industry. The definitive agreement for this purchase was executed on December 31, 2019.

The UTC manufacturing plants in Oklahoma and Iowa are also being acquired as a part of this transaction. Exiss, Featherlite and Sooner trailers will continue to be produced in these plants and will be sold through the established independent network of dealerships that are currently in place.

You can learn more about the Exiss, Featherlite and Sooner brands at,, and

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