FleetPride, an independent aftermarket distributor of heavy-duty truck and trailer parts, has acquired Automotive Brake Co. of Newburgh Inc. No financial terms were disclosed. FleetPride is owned by Investocrp, Banc of America Capital Investors and company management.
In a move reflecting the company’s continued growth, FleetPride, Inc., the nation’s largest independent aftermarket distributor of heavy-duty truck and trailer parts, announced the acquisition of Automotive Brake Co. of Newburgh, Inc. Automotive Brake has been in business since 1932 and has two locations in New York State – a 28,841 square foot New Windsor facility and a 4,800 square foot facility in Port Ewen.
Automotive Brake was purchased in 1991 by Joe Fischera and Steve Nordahl. Fischera will stay on as Assistant Area Manager for both of the acquired locations and FleetPride has extended employment offers to all Automotive Brake employees.
“The Automotive Brake group has operated in this local market for 76 years and is one of the most well respected independent distributors in the area. We are thrilled to have them join the FleetPride family,” said Bill Vingiano, FleetPride Regional Vice President, Northeast Region.
“With the completion of this acquisition, FleetPride added 23 U.S. retail locations during 2008,” said Mike Paxton, Vice President Business Development & Strategic Planning. “A component of our strategy is to continue to expand our national footprint in 2009.”
About FleetPride, Inc.
FleetPride, Inc. (http://www.fleetpride.com)–america/’s premier nationwide supplier of heavy duty truck and trailer parts — operates 183 locations in 39 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.