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Fleetpride Acquires Truck Service Company, Inc. Of Chattanooga, Tennessee

Sep 15, 2021•over 4 years ago

Acquiring Company

FleetPride

Acquired Company

Tennessee

Irving

Description

FleetPride, Inc. announced today that it has acquired the assets of Truck Service Company, Inc. of Chattanooga, Tennessee. Truck Service Company has been in business since 1989, providing top-quality repair and service work for drivers and fleets in southern Tennessee and northern Georgia. Truck Service Company was founded by Jerry Gamble and is now managed by his two sons, Rodney and James. The new service center will partner with the existing FleetPride parts location only a few blocks away to create a complete heavy duty parts and service value proposition for customers.

Company Information

Company

FleetPride

Location

Irving, Texas, United States

About

Headquartered in Irving, TX, FleetPride is the nation's largest distributor of truck and trailer parts and service in the independent heavy duty aftermarket. FleetPride's sophisticated network of 280 stores, 53 service centers and 5 distribution centers means customers get the parts and services they need, when and where they need them. Customers can click, talk, chat or visit with FleetPride's team of 3,500 experts empowered and motivated to solve problems and create tailored solutions for each customer's unique needs. To find your local FleetPride branch or service center, or to cross-reference, search, and shop for parts by VIN, visit the new www.fleetpride.com. SOURCE FleetPride, Inc.

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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