FleetPride, an independent aftermarket distributor of heavy-duty truck and trailer parts, has acquired Truck & Trailer Supply Inc., which has locations in Artesia and Roswell, New Mexico. No financial terms were disclosed. FleetPride is owned by Investocrp, Banc of America Capital Investors and company management.
FleetPride, Inc., the nation’s largest independent aftermarket distributor of heavy-duty truck and trailer parts, announced today that it has acquired Truck & Trailer Supply, Inc. Truck & Trailer Supply has locations in Artesia and Roswell, New Mexico.
Truck & Trailer Supply was founded in 1980 by Gene and Kay Peterson and has grown into a successful and well respected business in the southeastern New Mexico market. FleetPride has extended employment to all of their employees, including industry veteran Mark Peterson, who has been with the company since 1981. Peterson will continue as manager for the acquired New Mexico operations.
“Much of FleetPride’s future growth will be fueled by expansion into markets where we currently do not have representation. By seeking out companies such as Truck & Trailer Supply that have a strong existing client base, we can rapidly expand our national footprint,” said Mike Paxton, FleetPride Vice President of Business Development and Strategic Planning. “We are currently evaluating similar opportunities all across the U.S.”
“Truck & Trailer Supply is a good, solid business with seasoned employees and a loyal customer base. FleetPride is known for fostering strong relationships with its employees, which is just one of the reasons why we are looking forward to welcoming the Truck & Trailer Supply team into the FleetPride family,” said Steve Turnlund, FleetPride Regional Manager, Western Region.
About FleetPride, Inc.
FleetPride, Inc. (http://www.fleetpride.com) — America’s premier nationwide supplier of heavy-duty truck and trailer parts — operates 177 locations in 38 states and carries a full line of nationally recognized brand name parts, as well as an assortment of private brand parts. In addition, FleetPride offers in-house remanufactured products such as brake shoes, transmissions, rear axles and driveline components. Truck and trailer repair services are also offered at a number of locations.
FleetCare (http://www.fleetcare.info) — America’s premier heavy-duty truck and trailer service center network — has over 180 service providers across the country. FleetCare offers services for all makes, models and locations, 24/7 toll-free locator service, dedicated website, highly trained technicians, brand name parts, nationwide parts warranty and roadside assistance in many locations.