FleetPride, an independent aftermarket distributor of heavy-duty truck and trailer parts, has acquired Multibearings Service Co., which has one location in Hialeah, Florida. No financial terms were disclosed. FleetPride is owned by Investocrp, Banc of America Capital Investors and company management.
In support of the company’s strategic growth plan, FleetPride, Inc., the nation’s largest independent aftermarket distributor of heavy-duty truck and trailer parts, announced today that it had completed the acquisition of Multibearings Service Co., Inc. Multibearings Service has one location in the Miami-Dade / Broward County area – a 10,000 square foot facility in Hialeah, Florida.
Multibearings Service, owned by father and son Sergio and Sandro Valencia, has been in business since 1985. Sandro Valencia will join the FleetPride team as the Hialeah Branch Manager. FleetPride has extended employment offers to all Multibearings Service’s employees.
“The Multibearings Service team has over 45 years of experience in the heavy duty truck part industry. They are a welcome addition to the FleetPride family,” said Pete Painter – Vice President and General Manager, Southeast Region.
“This strategic acquisition is consistent with our approach to expanding our national footprint,” said Mike Paxton, Vice President Business Development & Strategic Planning. “Miami-Dade County is a sizeable and dense market – and one in which we did not previously have a presence. Our new location in Hialeah will allow us to provide greater value to customers in south Florida.”
About FleetPride, Inc.
FleetPride, Inc. (www.fleetpride.com) — America’s premier nationwide supplier of heavy duty truck and trailer parts — operates 185 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 (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 and models at all locations, 24/7 toll-free locator service, dedicated website, highly trained technicians, brand name parts, nationwide parts warranty and roadside assistance in many locations.