FleetPride, Inc. acquires Wheelco Truck & Trailer Parts and Service to strengthen its service capability
Mar 18, 2024•over 1 year ago
Acquiring Company
FleetPride
Acquired Company
Wheelco Truck & Trailer Parts and Service
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.
M&A Insights
Based on deal dataIntegration 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