Memphis, TN-based heavy-duty truck and trailer parts distributor TruckPro‘s subsidiary Crane Carrier Canada acquired the Transaxle Parts group of companies.
The acquisition significantly expands Crane Carrier Canada’s operations in the Toronto area and enhances TruckPro’s presence in Canada overall.
For over 30 years, Transaxle has distributed truck and trailer parts and offered repair services out of five locations in the greater Toronto, Ontario market.
“Transaxle’s extensive experience, outstanding reputation in the industry, and strong foundation make it an ideal partner and we are very excited about our future together,” said TruckPro President and CEO Chuck Broadus in a June 25 news release. “This acquisition expands our footprint and capabilities in Canada and the combined expertise of both companies will greatly enhance our offerings and provide significant benefit for our customers.”
Transaxle’s owners, Tom Neelin and Gary Zwygers, will continue to lead day-to-day operations.
“We are confident that this partnership is a great fit and will elevate our capabilities and our associates will benefit from new growth opportunities as we integrate with TruckPro’s extensive network and resources in Canada and the United States,” Neelin said.
Related Posts
-
In its second acquisition of the year, rigging distributor Ascent Lifting expands by 33 locations…
-
Compressor distributor Pacific Air Compressors will expand Atlas Copco's geographic footprint in the Portland area.
-
Electrozad has branches across southern Ontario and will strengthen Sonepar's OEM/industrial business in that market.