Reading Truck Group announced its second acquisition of the month on Tuesday, signing an agreement to acquire Arizona-based Auto Safety House, a commercial truck solutions provider and bus dealer.
With three locations in Arizona, the acquisition of Auto Safety House from W.W. Williams Company, furthers Reading’s growth strategy in the west; and positions the company with 22 Reading Truck locations nationwide, the company says.
“Auto Safety House is an excellent complement to Reading Truck’s focus on providing exceptional customer service and total solutions to the commercial vehicle industry,” says Alan Farash, President and COO, Reading Truck Group. “With more than 75 years in operation, they have established themselves as outstanding partners to their customers and embody the American heritage and craftsmanship that the Reading Truck brand has come to symbolize, a legacy in which we look forward to building upon.”
[RELATED: Reading Truck Group expands west with acquisition]
“This acquisition is representative of our commitment to growth, to extending our brand and to delivering greater customer value to our growing community,” says Eric McNally, vice presiden, sales and marketing, Reading Truck Group.
In addition to expanding Reading’s national footprint, the addition of Auto Safety House complements the portfolio of business units owned by JB Poindexter & Co, a best-in-class manufacturing and commercial transportation business enterprise, the company says.
Auto Safety House, is based in Phoenix and operates two additional locations in Tucson and Holbrook. Founded in 1917, the company is a leading supplier in the commercial truck and bus industry and is a total fleet solutions provider assisting end user and fleet operators with products and services to operate and maintain their vehicles and equipment in a safe and efficient manner.
Financial terms of the transaction are not disclosed. The transaction is subject to customary closing conditions.
