FleetPride, Inc. has acquired Truck Parts & Equipment, Inc., from the TP&E Employee Stock Ownership Plan, the company announced Thursday.
With its origin dating back to 1924, Truck Parts & Equipment had been fully employee owned since 2001. Collectively, the locations in Wichita, Topeka and Hays, Kan. will become FleetPride’s first branches in the state of Kansas. The Wichita location also offers a drive-in service shop and equipment up-fitting.
“We are very excited about the acquisition of Truck Parts and Equipment. They have been a very successful independent distributor of heavy-duty parts for decades,” says FleetPride CEO Al Dragone. “The people of TP&E have experience and expertise second to none. We are lucky to have them as a part of FleetPride.”
“We look forward to combining the many capabilities of Truck Parts & Equipment with FleetPride’s world-class supply chain and expanded product lines to even more effectively serve customers in the Kansas markets,” adds Mike Harris, FleetPride senior vice president of sales and branch operations.