Sale to Platinum Equity, LLC

Industrial
Sale to Platinum Equity, LLC

Summary

Baird served as lead financial advisor to TruckPro, LLC on this transaction

About

TruckPro, LLC (“TruckPro”), a portfolio company of Harvest Partners, LP (“Harvest Partners”), was recently acquired by Platinum Equity, LLC (“Platinum Equity”). Terms of the transaction were not disclosed.

TruckPro is a leading distributor of heavy-duty truck and trailer products and a provider of advanced repair services. Through a distribution network of more than 150 locations and service shops throughout the United States and Canada, TruckPro delivers a comprehensive range of products and solutions, including brake systems, electrical, engines, gear & drivetrain and more. TruckPro is headquartered in Memphis, Tennessee.

Founded in 1981, Harvest Partners is a leading private equity investment firm that focuses on investments in middle-market companies in the business services & consumer, healthcare, industrial services and manufacturing & distribution sectors. Harvest Partners is headquartered in New York, New York.

Founded in 1995, Platinum Equity is a global investment firm with approximately $19 billion of assets under management and a portfolio of approximately 40 operating companies that serve customers around the world. Platinum Equity specializes in mergers, acquisitions and operations, acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. Platinum Equity is headquartered in Los Angeles, California.
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Industrial
Sale to Platinum Equity, LLC
Date
October 2019
Company
TruckPro, LLC
Transaction
M&A
Sectors
Industrial
Target Location
North America
Acquiror Location
North America

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