Investcorp and FleetPride top M&A news in March

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Although not as eventful as February, March proved to be another busy month for acquisitions in the dealership, aftermarket and trucking supplier sectors.

The service channel was the most active segment of the industry during the month, but vendors remained busy with some market-changing offerings.

The first acquisition in March was McCarthy Tire which acquired Piedmont Truck Tires, a 10-site operation in North Carolina, South Carolina and Tennessee. “Piedmont Truck Tire is known for its quality products and excellent customer service,” said John D. McCarthy Jr., president of McCarthy Tire Service. “We are proud to be affiliated with Dan [Rice] and his team, and we welcome them to the McCarthy Tire family.

American Trailer World was next, announcing on March 3 the addition of Marius Garon, a distributor of trailer parts and towing accessories based in Quebec. “Marius Garon is a great addition to our existing TexTrail distribution portfolio, and with this acquisition, American Trailer World continues to expand its distribution network to better serve its customers,” said Eric Zimmer, President of Retail. and distribution of American Trailer World.

The biggest news of the month once again came from the supplier community, as Investcorp announced on March 8 its takeover of S&S Truck Parts. The partnership will focus on the continued organic growth of S&S Truck Parts. “This investment and partnership with the S&S team was a natural extension of our experience in the automotive and trucking aftermarket industry. Its market-leading position, strong client relationships and the compelling value proposition of S&S’ private label offering present a very attractive investment opportunity,” said Steve Miller, Managing Director, Private Equity. – North America, Investcorp.

[RELATED: Catch up on all the acquisitions announced February]

The service sector was next. Epika Fleet Services continued its growth trajectory by adding Truckers 24-hr Road Service, based in North Florida. “We are excited to add Truckers’ 24-hour roadside service to the Epika network,” said Glenn Sherburne, CEO of Epika Fleet Services. “The combination of their talented team and Epika’s resources and relationships positions us to provide best-in-class service to customers from Georgia to Alabama along the I-10 corridor.”

On March 16, Dexter Axle Company, a subsidiary of DexKo Global, acquired HiSpec Wheel & Tire Inc., located in Mishawaka, Ind. HiSpec designs and supplies aluminum and steel wheels, tires and related accessories to the RV, trailer and transportation industries. “Joining Dexter and HiSpec enables us to offer a more complete line of safety-related towing products to all of our customers and business partners. We are very pleased to bring the HiSpec team into the Dexter family,” said Adam Dexter, President and CEO of Dexter.

FleetPride followed on March 22 as it continued its aggressive expansion of its service business unit by adding New York-based Portville Truck & Auto Repair. “We are thrilled to welcome everyone at Portville Truck & Auto Repair, including their Fat Cat’s, I86 and Big Dog locations, to FleetPride and expand our nationwide parts and service network to new territory in the game. southern New York and northern Pennsylvania,” said Cory Anderson, FleetPride vice president and general manager of the service.

The aftermarket also saw a major merger in March, as HDA Truck Pride member companies and independent parts and service operations A&A Brake Service and All Systems Brake combined to become AA Systems Truck and Bus LLC. “Our main focus is customer service. You can rely on AA Systems Truck and Bus. We also have a million ideas on how to change things to increase efficiency. Technology is one of the things we will use to our advantage,” says Richie Caiazza of AA Systems Truck and Bus.

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