Jasper Holdings, the parent company of Jasper Engines and Transmissions, has acquired Diesel USA Group. Louisville, Ky.-based Diesel USA Group will remain a separate company and brand as it becomes part of the Jasper ESOP.
The transaction was completed on May 31, acquiring the company from the Bailey family which has owned the company since its inception in 1950 by Lloyd A. Bailey. The current leadership team at Diesel USA Group will continue to lead and operate the company. Diesel USA Group and Jasper will operate independently of each other as they work together as part of Jasper Holdings, the company says.
Diesel USA Group is a distribution, service and repair company servicing air and fuel products for gas and diesel engines along with a variety of other complementary products. The company has locations in Louisville; Cincinnati and Columbus, Ohio; Indianapolis, Fort Wayne and Crown Point, Ind; and Fontana, Calif.
Jasper has been in the air and fuel business as part of its diesel remanufacturing process since the late 1960s. Over the past several years, Jasper has focused more on this product line and recognizes opportunities with the increased use of turbochargers on passenger cars, light trucks, and SUVs, the company says.
“Diesel USA Group is a respected brand with a great team. We are excited about the growth opportunities for the products and services they offer and feel they will be a great addition to the Jasper ESOP,” says Zach Bawel, Jasper president. “With this acquisition, it enables us to continue to diversify our family of companies while remaining committed to an industry we understand.”
Jay K. Miller, president of the Diesel USA Group, says, “The business relationship between Jasper and Diesel USA Group dates back to the 1960s. We have always admired their disciplined approach to business and the very nature of their products. It is an honor to be a part of the process of blending our companies as we set our sights upon growth for our valued suppliers and our fellow associate owners.”
