FleetPride acquires Fleet Brake

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FleetPride, an independent aftermarket distributor of heavy-duty truck and trailer parts, announced that it has acquired the assets of all of Fleet Brake’s U.S. operations; terms were not announced. This acquisition marks FleetPride’s entrance into the Idaho market and includes locations in Idaho Falls, Twin Falls and Pocatello. Utah acquisition locations include Vernal and St. George, bringing the total number of locations in Utah to three.

“We are excited to start 2012 off with a new acquisition,” says W.M. McGee, president and chief executive officer. “These five new locations are representative of our desire to establish presence in new markets, as well as our approach to strengthen existing networks. In order to maintain our leadership position in the marketplace, we will continue to acquire independent operators who can significantly accelerate our growth plans and profitability. We are always monitoring the landscape for potential purchases in conjunction with our organic growth strategy.”