RECENT RELEASESTruckPro, LLC Acquires Lakewood Truck & Trailer Parts
TruckPro Expands its Midwestern U.S. Footprint of Heavy Duty Truck & Trailer Parts
MEMPHIS, TNMARCH 2, 2015
TruckPro, LLC (“TruckPro”), a leading distributor of heavy-duty truck and trailer products, announced today it has completed the purchase of Lakewood Truck & Trailer Parts (“Lakewood”). Based in Wixom, Michigan and serving the greater Detroit metropolitan market, Lakewood is one of the industry’s leading independent distributors of heavy-duty truck, trailer and equipment products.
Steve Riordan, TruckPro’s Chairman and Chief Executive Officer, commented, “The acquisition of Lakewood expands TruckPro’s footprint into the Michigan marketplace while also strengthening the product offerings that we can provide our local and national account customers in the region. The addition of Lakewood to the TruckPro family also adds to our network of more than 140 locations in the United States and Canada”.
David Roper, TruckPro’s Vice-President, U.S. Retail Stores East, stated, “This is an exciting time to be part of the TruckPro team. We are thrilled to be able to add a great business that will bring additional value to our local and national customers in the Great Lakes Region. Lakewood is well established and has a great reputation in the southeastern Michigan market and our customers will definitely benefit from this merger”.
Ray Olsen, Lakewood’s co-founder, commented, “We are very excited to be joining forces with TruckPro, one of the industry’s most powerful distributors. We feel this merger is going to help strengthen and expand our customer service capabilities within our market. Lakewood customers will also benefit from having access to additional inventory and a large distribution network.” Ray and all the Lakewood associates will remain with TruckPro and Ray will be an investor in the combined business.
About TruckPro, LLC
Founded in 1952, TruckPro, LLC is a leading distributor of heavy-duty truck & trailer products, and advanced repair services. Through a distribution network of more than 140 retail stores and advanced service shops, TruckPro delivers a comprehensive range of products to support commercial and government customer requirements in the areas of brake systems, electrical, engines, gear & drivetrain, and more. TruckPro is recognized for delivering measurable value and outstanding support to its customers and suppliers alike. Vast application expertise makes TruckPro an unbiased knowledge resource for product information, documentation and training. For more information on TruckPro please visit www.truckpro.com
Director of Marketing, TruckPro, LLC