FleetPride and TruckPro have merged into a single aftermarket entity serving the North American parts and service aftermarket.
The combined entity has more than 450 distribution facilities and 110 service centers.
The integration brings together the best resources from both entities, which will enable it to move quickly to bring “best-in-class” service to the industry.
FleetPride CEO Tom Greco will lead the business, with TruckPro CEO Chuck Broadus leading the TruckPro operation and supporting Greco in the integration.
The independent aftermarket’s two biggest operations are coming together. FleetPride and TruckPro have merged.
The two national aftermarket distribution companies announced the closing of the merger Tuesday, creating the nation’s largest independent distributor and service provider.
Operating under the combined ownership of American Securities and Platinum Equity, combined company will operate under the FleetPride name and will be led by CEO Tom Greco, who joined FleetPride earlier this year.
Chuck Broadus, TruckPro’s president and CEO, will continue to lead the TruckPro business, reporting to Greco, and the duo will work closely together to support the integration efforts over the coming months.
“Today’s announcement marks an exciting new chapter for our team members, customers and valued supplier partners,” says Greco. “This strategic merger is about more than combining two businesses, it’s about building a culture that values people, brings best practices from both organizations and drives innovation. Together, we are creating a stronger, faster-growing company that will deliver greater value for customers and growth opportunities for our team members and suppliers.”
Combined operations will increase expertise, market capabilities
The combined company states it will deliver enhanced value to its customers through greater parts availability, deeper technical expertise, best-in-class service and an enhanced e-commerce experience.
“The strategic merger with FleetPride marks a tremendous step forward for our business and customers,” says Broadus. “We are bringing together the strengths of both organizations as we align our knowledgeable team members, extensive networks and resources to deliver best-in-class service to the heavy-duty aftermarket. We are eager to embrace the many growth opportunities this combination offers and we are excited about our future together.”
With more 450 combined locations, more than 110 service centers and six distribution centers, FleetPride’s expanded footprint positions it to serve customers nationwide across the U.S. and Canada with the industry’s most comprehensive assortment of parts, the company says. Its enhanced e-commerce platform and logistics network enables FleetPride to provide faster access to critical parts, deeper inventory visibility and tailored solutions designed to keep trucks on the road and fleets operating efficiently.
Partner Insights
Information to advance your business from industry suppliers
Ownership eager to introduce combined entity to aftermarket
“This is a defining moment for FleetPride and the broader heavy-duty aftermarket,” says Mark Lovett, managing director of American Securities and board chair of FleetPride. “By combining two high-performing businesses with complementary strengths, we’re building a platform with the scale, technology and talent to lead the industry and deliver sustainable growth for customers, team members and suppliers alike.”
“We’ve long thought these businesses were destined to come together and have been developing this opportunity since we first acquired TruckPro,” says Louis Samson, co-president of Platinum Equity. "We chose to join forces because we get excited about the strategic logic and substantial operational opportunity to create long-term value. We look forward to helping accelerate the combined company's transformation and ability to better serve customers.”
The newly combined company will be headquartered in Irving, Texas, with a satellite office in Memphis, Tenn.
Careersingear.com is the go-to platform for the Trucking industry. Don’t just find the job you need; find the job you want with the company that wants you!
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.
