Summit Truck Group announced Thursday it has signed a letter of intent to purchase substantially all of the assets and the International Trucks area of responsibility of Cape Girardeau, Mo.-based Wiethop Truck Sales.
Wiethop Truck Sales has been a full-service International dealer since 1954, and has been in its current location at 2350 Independence in Cape Girardeau since 1964. Cape Girardeau is located 170 miles north of Summit’s Memphis, Tenn., location and 270 miles east of its Springfield, Mo., location.
With the addition of Wiethop’s location, Summit Truck Group says it will now operate 26 locations in seven states ─ Arkansas, Kansas, Mississippi, Missouri, Oklahoma, Tennessee, and Texas. This acquisition is the fourth completed to date by the dealer group, and is part of its renewed strategy to expand the company’s reach in the various geographical areas in which it does business.
“We are excited to add Cape Girardeau to the Summit family of dealerships. Its location midway between St. Louis and Memphis puts it in proximity to other Summit locations and will help us serve our customers in additional markets,” says Summit CEO Justin Fink.
Scott Gill, executive vice president, Finance & Accounting, adds, “Summit continues to look for opportunities to expand our footprint in all of the areas in which we do business. We welcome Wiethop’s employees to the Summit family and look forward to continue success in the Cape Girardeau market.”
As a location of Summit Truck Group, the former Wiethop Truck Sales location will do business as Summit Truck Group of Cape Girardeau. Pending completion of appropriate contracts, Summit says it will assume operations of the Cape Girardeau location on Nov. 1, 2019, and the 25+ employees will become employees of Summit Truck Group.
Summit will offer new and used trucks through this location, as well as aftermarket parts, vehicle service, a body shop and mobile emergency service.
