ELKHART — The Sterling Group’s investment fund announced Thursday it finished the acquistion of Elkhart-based Dexter Axle from Tomkins Industries.

“For over 50 years, Dexter has provided customers with the highest quality axles in the industry,” said Adam Dexter, CEO of Dexter. “The entire team is thrilled by Sterling’s support of our business, our culture, and our commitment to delivering the best customer service and product quality in the trailer running gear market.” Dexter makes trailer axle, brake and suspension equipment used in trailer and RV markets.

Kevin Garland, partner at The Sterling Group, said, “We are excited about the opportunity to draw on our deep experience with corporate carve-outs to transition Dexter to a stand-alone business.”