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Premier Truck Group completes acquisition of River States Truck and Trailer to expand operations in Wisconsin and Minnesota

Jun 10, 2024•over 1 year ago

Acquiring Company

Premier Truck Group

Acquired Company

River States Truck and Trailer (RSTT)

La Crosse

Description

Premier Truck Group, an international medium-duty and heavy-duty commercial truck dealership group, has successfully acquired River States Truck and Trailer, Inc. The acquisition is expected to add $200 million in estimated annualized revenue and expand Premier Truck Group's operations to new market areas in Wisconsin and Minnesota.

Company Information

Company

Premier Truck Group

About

Premier Truck Group, headquartered in Dallas, Texas, provides customers with a premium selection of new Freightliner and Western Star commercial vehicles. Additionally, Premier Truck Group also offers a large selection of used truck and offers full-service parts and service operations. For additional information, visit the company's website at www.premiertruck.com

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed