January 2018 - BKD Corporate Finance, LLC (BKDCF) is pleased to announce that Truck Parts & Equipment, Inc. (TPE) has been acquired by private equity-backed FleetPride, Inc., the nation's largest heavy-duty aftermarket commercial vehicle parts distributor. BKDCF served as the exclusive financial advisor to TPE on this transaction.
TPE’s origins date back to 1924, and had been 100% employee owned since 2001. TPE is headquartered in Wichita, Kansas, with additional locations in Topeka and Hays, Kansas. Collectively, TPE’s locations will add to FleetPride’s nationwide network, and become FleetPride's first entry into the state of Kansas. These new locations will give customers in Kansas access to FleetPride's national parts inventory, heavy duty expertise and world-class supply chain capabilities.
For more information about the transaction, please contact Jeff Johnson at 303.861.4545 or firstname.lastname@example.org.
BKD Corporate Finance
Founded in 1994, BKD Corporate Finance, LLC, a wholly owned subsidiary of BKD, LLP, is a leading investment banking firm providing merger & acquisition, capital formation and strategic advisory services to middle market companies. BKD Corporate Finance has offices in six cities in the U.S., including Denver, Chicago, Dallas, Houston, Indianapolis and Springfield. BKD Corporate Finance is a member of FINRA and SIPC.
Formed in 1999, and headquartered in Irving, TX, FleetPride is the nation's largest distributor of truck and trailer parts in the independent heavy-duty aftermarket channel. FleetPride operates over 260 locations in 46 states and carries over 400+ nationally recognized brands. Operating through five regional distribution centers, FleetPride serves a diverse customer base across multiple industries including general freight, leasing, municipalities, agriculture, food and beverage, construction and waste management. In addition, FleetPride offers in-house remanufactured products such as brake shoes and driveline components. Truck and trailer drive-in repair services are also offered at a number of locations under the FleetCare brand.