Velocity Truck Centers (VTC) announced Tuesday it has expanded further into the Southeast through the acquisition of Triple-T Truck Centers.
This acquisition extends VTC’s reach in the Southeast along the I-40 in North Carolina to Warsaw, Rocky Point and Wilmington, and into South Carolina including Florence and Charleston. The acquisition also includes the Aftermarket Parts company located in New Bern, N.C., which provides wholesale replacement parts to the forestry and construction industries nationally and worldwide.
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“We are very excited to extend our reach in the Carolinas with the addition of the Triple-T locations which have an exceptionally dedicated employee base that we look forward to working with as part of the Velocity team,” say Brad Fauvre and Conan Barker, co-presidents of VTC. “We want to thank Tim Matt for choosing VTC to carry on his legacy and continue to provide the best service possible for his customers across North and South Carolina.”
Through the acquisition, VTC now consists of 62 locations across North America, including 11 body shops, and offering coast-to-coast coverage of commercial vehicle sales, service, parts, collision and fabrication services as well as equipment financing. VTC will bring its unparalleled customer focus, including two-hour Express Assessment, Elite Support Certification and equipment financing through its Crossroads Equipment Lease and Finance division, to Triple-T’s markets in the Carolinas, the company says.
“I am pleased to have chosen Velocity Truck Centers to carry on the legacy of the Triple-T companies and Aftermarket Parts, which began with my family in 1967,” says Matt. “It was extremely important to me that Velocity committed to continue the stewardship of my senior management, employees and customers with the same care, ethics and attention as the Matt family has shown for the last 54 years. The transaction has gone exactly as discussed when we shook hands, and I wish Velocity the best of success with their next chapter in the Carolinas and throughout the global markets served by Aftermarket Parts.”
