Following a busy November, acquisitions in trucking’s dealer, aftermarket and supplier channels slowed as November slides into December.
At the end of November, RV Retailer LLC (RVR) announced the acquisition of Pharr RVs and Affinity RV with locations in Texas and Arizona. The acquisitions will be completed in December. This will expand RVR’s presence in Texas to 17 stores and Arizona to six stores.
“We are excited to expand further in Texas and Arizona. Pharr RVs provides RV Retailer expansion into West Texas and grows our presence to 17 stores in Texas, the largest RV market in the United States. Affinity RV extends our Arizona footprint into fast-growing RV markets in Northern Arizona. We welcome all the team members of Pharr RVs and Affinity RV to the RV Retailer family,” says RVR CEO and President Jon Ferrando.
In early December, RDO Truck Centers reached an agreement to purchase the assets of Twin Bridges Truck City, a Mack and Volvo commercial truck dealer group in Iowa.
Twin Bridges Truck City officially joined RDO Truck Centers Dec. 1, 2021. With this purchase, RDO Truck Centers expands its footprint from eight to ten locations across North Dakota, Nebraska and Iowa.
“It’s an exciting opportunity to welcome Twin Bridges Truck City to the RDO Truck Centers family,” says Justin Okeson, vice president, RDO Truck Centers. “We look forward to building on what Twin Bridges Truck City has established and bringing our company values to both locations.” Both teams are working together to provide a smooth transition for employees and customers.
Shortly after the RDO acquisition, Penske Truck Leasing announced it reached an agreement to acquire the assets of DeCarolis Truck Rental Inc. Financial terms were not disclosed.
“DeCarolis Truck Rental is a well-respected name in the region, and we are excited about the opportunity to join our businesses,” says Art Vallely, president, Penske Truck Leasing. “We look forward to working closely with DeCarolis customers and associates to integrate the business into the Penske brand.”
This transaction is subject to customary closing conditions, including certain regulatory approvals. The parties involved anticipate closing the transaction Dec. 17, 2021.