Headquartered in Memphis, Tenn., TruckPro is one of the nation’s largest independent distributors of heavy-duty truck and trailer parts. The company was founded in 1958 and today serves more than 80,000 customers with more than 150 locations in the United States and Canada.
“TruckPro has an extensive national footprint and extraordinary range of products, but it’s the company’s people that set it apart,” says Platinum Equity Principal Jason Price. “Highly knowledgeable sales staff and impressive customer service are the backbone of the business.”
“We have grown and built lasting relationships with our customers by offering quality products and services, expertise, available inventory and fast delivery,” adds TruckPro CEO Chuck Broadus. “Platinum Equity shares our commitment to serving the transportation community with integrity and reliability, and is the right partner to help us achieve the next stage of growth and expansion.”
Price says Platinum Equity will support TruckPro’s long-term ambitions. “Our plan is to continue steadily growing the business organically and through potential acquisitions, with an emphasis on serving new markets and bringing new products and services into the mix that deliver more value for customers,” he says.
Latham & Watkins served as Platinum Equity’s legal advisor on the acquisition of TruckPro. Robert W. Baird & Co. and Houlihan Lokey acted as financial advisors and White & Case LLP acted as legal advisor to TruckPro.
