For Immediate Release
TruckPro, LLC Acquires Power Train Corporation
TruckPro Expands its U.S Retail and Service Capabilities of Heavy Duty Truck & Trailer Parts
MEMPHIS, TN (July 8, 2015) – TruckPro, LLC ("TruckPro"), a leading distributor of heavy-duty truck and trailer products, announced today it has completed the purchase of Power Train. Power Train is a leading provider of heavy duty after-market truck parts, fleet maintenance and mobile repair services in the Indiana, Ohio and Kentucky markets through its network of 11 full-service locations.
The acquisition provides several growth drivers for the combined business including an expanded retail store network in key geographical markets, enhanced core supplier relationships, and the ability to leverage the various service offerings of both organizations. "Power Train is a well-established privately held after-market truck parts and services provider in the region with a great reputation for servicing local and national customers. The addition of Power Train to the TruckPro family expands our network of retail and service locations in the United States and Canada to more than 150", stated Steve Riordan, TruckPro’s Chairman and Chief Executive Officer.
Power Train’s current leadership team, including Lyle Bass and Joe Leffel will continue to run the business while also becoming investors in the combined enterprise. Bass commented, "The merger is going to help strengthen and expand our customer service capabilities within our market and our customers will benefit from having access to additional inventory and a large distribution network throughout the United States and Canada." Leffel added, "We are very excited to be joining forces with TruckPro, who has emerged as the industry’s fastest growing provider of heavy-duty truck parts and advanced repair services. The combination of Power Train and TruckPro represents a terrific combination for our customers, associates, and suppliers."