Velocity Truck Centers Acquires Triple-T Truck Centers
January 4, 2022
Velocity Truck Centers (part of Velocity Vehicle Group) has acquired Triple-T Truck Centers and its Aftermarket Parts business, expanding VTC's footprint across the Carolinas and the Southeast. The deal brings Triple-T's locations and a New Bern-based parts business into VTC's network as the company grows to 62 locations offering sales, service, parts and financing; owner Tim Matt has sold the business and VTC has committed to retain stewardship of management and employees.
- Targets
- Triple-T Truck Centers, Aftermarket Parts (Triple-T)
- Sellers
- Tim Matt, Matt family
- Industry
- Automotive
- Location
- North Carolina, United States
- Transaction Type
- Buyout
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