FleetPride Inc., an independent aftermarket distributor of heavy-duty truck and trailer parts, announced that it has acquired Southwest Brake & Parts Inc. The acquisition, terms of which were not disclosed, expands FleetPride’s footprint into Michigan and includes eight Southwest Brake & Parts locations throughout the state.
“As one of the leading heavy-duty truck parts distributors in Michigan, Southwest Brake & Parts brings longevity, a track record of steady growth, a reputation for parts availability and a dedication to outstanding service,” says Lee Stockseth, chief operating officer of FleetPride, based in The Woodlands, Texas. “We are excited that in this one event we are able to add eight prime locations in new FleetPride markets, all with knowledgeable long-term employees, perfectly suited to our FleetPride culture.”
Southwest Brake & Parts, founded in 1958 by the Holaski family, operates locations in Detroit, Burton (Flint), Hazel Park, Jackson, Lansing, Mt. Pleasant, Saginaw and Wixom – all of which are part of this asset purchase agreement. Employment offers have been extended to employees at all eight Southwest Brake & Parts branch locations.
“As we continue to analyze potential business opportunities in specific markets, we consider a myriad of factors, including size, location, sustained profitability, management and employees, complimentary product lines and reputation in the industry,” says W.M. McGee, president and chief executive officer. “Whether a company has one or multiple locations, FleetPride is looking for strong, independent organizations that enable us to quickly expand our national footprint. The driving force behind each acquisition is whether or not it will ultimately add value to FleetPride, expand our customer base and enhance our ability to serve existing customers. Southwest Brake & Parts fits all of our qualifications and demonstrates our ability to acquire and integrate a company of this scale into our FleetPride family.”