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FleetPride, Inc. acquires Wheelco Truck & Trailer Parts and Service to strengthen its service capability

Mar 18, 2024over 1 year ago

Acquiring Company

FleetPride

Acquired Company

Wheelco Truck & Trailer Parts and Service

IrvingSioux FallsTruck TransportationTruck Transportation

Description

FleetPride, Inc., the nation's largest independent distributor of aftermarket heavy duty parts and service provider, has acquired the assets of Wheelco Truck & Trailer Parts and Service, an outstanding business based in Sioux Falls, South Dakota. This strategic acquisition brings great talent, expertise and capabilities that will strengthen FleetPride's ability to serve customers across South Dakota, Minnesota, Iowa, Nebraska, and Wisconsin, as well as trailer and specialty equipment OEMs nationwide.

Company Information

Company

FleetPride

Location

Irving, Texas, United States

About

FleetPride, Inc. is the nation's largest independent distributor of aftermarket heavy duty parts and service provider. The company is dedicated to delivering outstanding customer service, extensive product offerings, and industry-leading solutions to meet the needs of the heavy duty industry.

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