FleetPride Inc., an independent aftermarket distributor of heavy-duty truck and trailer parts, recently announced that it has acquired Truck & Trailer Supply, which has locations in Artesia and Roswell, N.M. Terms were not announced.
Truck & Trailer Supply, founded in 1980 by Gene and Kay Peterson, 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,” says Mike Paxton, vice president of business development and strategic planning for FleetPride, based in The Woodlands, Texas. “By seeking out companies such as Truck & Trailer Supply that have a strong existing client base, we can rapidly expand our national footprint. 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,” says Steve Turnlund, FleetPride’s Western regional manager. “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.”
The latest FleetPride acquisition comes on the heels of its April acquisition of Keller Truck Parts, which has 11 locations across Delaware and Maryland: Maryland locations include Annapolis Junction, Baltimore (two branches), Elkton, Frederick, Gaithersburg, Hagerstown, Landover and Waldorf, while Delaware locations include Dover and Wilmington.
Keller Truck Parts was founded in 1971 by Wayne and Donald Keller. FleetPride extended employment to all of the Keller employees, including industry veterans Curt Ackerman and Robert White, who were to continue as area manager and area operations manager for the acquired Keller operations. Terms of the Keller acquisition were not announced.