Premier Truck Group (Penske) Acquires River States Truck and Trailer

Penske Automotive Group Acquires Transolutions Truck Centres

June 5, 2023

Trucking & Fleet

Penske Automotive Group, through its Premier Truck Group subsidiary, acquired Transolutions Truck Centres (TSTC), a five-location medium- and heavy-duty truck and bus dealership network based in Winnipeg, Manitoba. The deal expands Premier Truck Group's presence into Manitoba, adds approximately $180 million of expected annualized revenue and about 200 employees (including 59 technicians and 73 service bays).

Penske Truck Leasing Acquires Star Truck Rentals, Inc.

April 26, 2023

Trucking & Fleet

Penske Truck Leasing agreed to acquire Star Truck Rentals, Inc., a Michigan-based transportation services company that offers full-service leasing, commercial truck rental, contract maintenance and used truck sales. The acquisition adds Star’s ~1,900 vehicles and 18 locations across Michigan and Indiana to Penske’s network; financial terms were not disclosed and the transaction was expected to close in Q2 2023 subject to customary approvals.

Kriete Truck Centers Acquires La Crosse Truck Center

July 22, 2024

Trucking & Fleet

Kriete Truck Centers, a Milwaukee-based truck dealer group, has acquired La Crosse Truck Center in La Crosse, Wisconsin. The acquisition expands Kriete's ability to sell and service Mack and Isuzu trucks in the La Crosse and Mauston areas and will coincide with a major renovation of Kriete's existing La Crosse location.

Boxwheel Trailer Leasing Acquires Prime Trailer

September 21, 2021

Trucking & Fleet

Boxwheel Trailer Leasing, backed by Houston-based private equity firm Crosstimbers Capital Group, has acquired Prime Trailer to expand its semi-trailer rental, leasing, sales and service footprint into the Salt Lake City, Utah and Reno, Nevada markets. The deal is Boxwheel’s second acquisition in 2021 and is part of a growth strategy supported by Crosstimbers and financing from Hancock Whitney Bank.

Reading Truck Group Acquires Rayside Truck & Trailer

November 17, 2020

Manufacturing

Reading Truck Group, a business unit of J.B. Poindexter & Co., has acquired Rayside Truck & Trailer, a West Palm Beach-based truck body upfitter and dealership. The acquisition expands Reading's nationwide footprint and strengthens its ability to serve customers in the Southeast United States.

FleetPride Acquires All Pro Truck & Trailer (Rockford, IL)

June 16, 2021

Transportation

FleetPride, Inc. acquired the assets of All Pro Truck & Trailer of Rockford, Illinois. The shop — founded by Brian Hicks in 2000 and operating 16 service bays with onsite, towing and roadside capabilities — will operate as a standalone FleetPride Service Center to strengthen FleetPride’s parts and service coverage in the Rockford region.