TruckPro buys Canadian Transaxle business

Tps Logo Online Headshot
Updated Jun 26, 2024
TruckPro logo

TruckPro announced Tuesday its wholly-owned subsidiary, Crane Carrier Limited (Crane Carrier Canada, has successfully acquired the Transaxle Parts group of companies. 

For over 30 years, Transaxle has specialized in truck and trailer parts distribution and repair services and operates five locations in the greater Toronto, Ontario, market. 

This acquisition significantly expands Crane Carrier Canada's operations in the Toronto area, Canada's largest transportation market, and greatly enhances TruckPro's presence in Canada, overall, the company says. 

[RELATED: CDK hit by cyberattack; dealer systems shut down]

"Transaxle's extensive experience, outstanding reputation in the industry, and strong foundation make it an ideal partner and we are very excited about our future together," says Chuck Broadus, president and CEO of TruckPro. "This acquisition expands our footprint and capabilities in Canada and the combined expertise of both companies will greatly enhance our offerings and provide significant benefit for our customers."

TruckPro states Transaxle provides a complete line of truck and trailer parts, including hydraulics and drivetrain components, and a comprehensive range of services, with advanced truck and trailer maintenance and repair and hydraulics installation and repair.

Transaxle's prior owners, Tom Neelin and Gary Zwygers, will continue to lead day-to-day operations, ensuring a seamless integration and on-going commitment to exceptional customer service. 

"Joining forces with Crane Carrier Canada and TruckPro marks an exciting new chapter for Transaxle," says Neelin. "We are confident that this partnership is a great fit and will elevate our capabilities and our associates will benefit from new growth opportunities as we integrate with TruckPro's extensive network and resources in Canada and the United States."

Learn how to move your used trucks faster
With unsold used inventory depreciating at a rate of more than 2% monthly, efficient inventory turnover is a must for dealers. Download this eBook to access proven strategies for selling used trucks faster.
Used Truck Guide Cover