Thompson Truck & Trailer has announced that after 25 years as a local, family-owned company, the dealership group is joining Ascendance Truck Centers as of February 2025.
This transition combines a legacy of excellence with a vision for the future, fusing tradition with innovation and positions the organization to continue to be the premium one-stop solution for all commercial truck and trailer needs, the company says.
This acquisition includes 145 employees across all five Thompson Truck & Trailer dealership locations: Cedar Rapids, Davenport, Dubuque, Waterloo, and Sterling, Illinois. It also includes the Thompson Body Shop and Thompson Trailer Shop, both located in Cedar Rapids, Iowa. Thompson Tire & Retread is not included in this sale and will continue to operate independently, tire customers will experience no changes.
Ascendance is an emerging commercial truck and trailer network operating in 10 states across the US (Pennsylvania, New Jersey, Minnesota, Wisconsin, Indiana, Kentucky, Kansas, Ohio, Iowa, and Illinois). This dealer network includes best in class dealer groups, coming together to provide industry-leading solutions for customers.
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Customers can be assured that the core team at Thomspon Truck & Trailer are still very much on board. Expect the same reliable experience, now bolstered by Ascendance Truck’s 42 locations and continued commitment to excellence, the company states.
“Supporting our customers continues to be of the utmost importance,” says Director of Operations Spencer Miller. “By combining Thompson’s deep-rooted history and experience with the vast network of Ascendance, the dealer group will be able to offer an expanded range of products and services, as well as enhanced support that comes with a nationwide dealership of scale. This means additional truck allocation, vast parts inventories, additional tools and training for our team, and more!”
“We are confident that this acquisition will strengthen our ability to serve you better and bring new opportunities for us to grow together,” says Miller. “We look forward to continuing to work with you, here’s to the road ahead!”
