Commercial Truck and Trailer Parts (CTTP) and Fleet Services in southern California have joined forces.
Fleet Services was founded in 1966 and offers a selection of aftermarket products from more than 400 brands from four locations: Anaheim, San Bernardino, San Diego and Ventura. CTTP was formed in 2003 and reincorporated in 2019. It distributes truck and trailer parts from more than 350 brands in the independent heavy-duty aftermarket channel.
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"We are thrilled about the partnership with Fleet Services, by expanding our physical footprint we can continue to expand our customer base by providing faster local deliveries and enhanced service to the southern California market thanks to the phenomenal track record and knowledge that the Fleet Services team has built over the last 60 years," says Jason Reeher, president and CEO of Fleet Services.
Fleet Services will now offer the full line of Road Warrior Parts, intermodal chassis and container parts in addition to their current product catalog.
"Selecting a partner that would steward the Fleet Services brand by maintaining our exceptional focus on quality while also providing the resources to help the business grow was a very intentional and thoughtful process — and we could not be more excited to partner with CTTP and Sope Creek Capital for the journey ahead," says Dick Van Eck, CEO of Fleet Services. "Our shared commitment to people, service and growth is a recipe for success."
Sope Creek Capital provided financing for the transaction, along with Plexus Capital and Georgia Banking Company. Hart Marx Advisors advised Fleet Services through the transaction. Fleet Services will still be part of the VIPAR Heavy Duty network.
"When we bring businesses together, we work hard to ensure our client finds the right partner, and we could not be more confident that Fleet Services, CTTP and Sope Creek are the right partners to build a leading national aftermarket heavy-duty distribution platform," says Tom Marx, founder of Hart Marx advisors.
