RECENT RELEASES
TruckPro, LLC-
Business
TruckPro was a leading independent distributor of heavy duty truck and trailer products. Through a network of more than 160 retail stores, service shops and distribution center locations in the U.S. and Canada, TruckPro distributed a full range of maintenance and repair products for heavy duty vehicles of substantially all makes and models. Core products include full drivetrain, power take-off, suspension, brakes, hydraulics and related products, as well as repair and rebuilding services.
-
Harvest Partners Investment
In November 2011, Harvest purchased TruckPro with an executive who became the CEO. To fund the acquisition Harvest arranged the debt financing, which included a senior credit facility and a term loan.
-
Investment Thesis
- Large, stable and fragmented market with limited switching
- Undermanaged business
- Back a proven executive
- Outstanding free cash flow profile
