Velocity Vehicle Group Acquires Eagers Automotive's Daimler Truck and Bus Business in Australia

Velocity Vehicle Group Acquires Eagers Automotive Daimler Truck & Bus Business

June 16, 2022

Trucking & Fleet

Velocity Vehicle Group (VVG) has completed the acquisition of Eagers Automotive Limited's Daimler Truck and Bus dealerships across Australia. The acquired business — representing Mercedes-Benz, Freightliner and Fuso commercial vehicles — employs about 650 people across metropolitan and regional locations including Brisbane, Newcastle, Sydney, Melbourne, Adelaide and Perth.

Velocity Vehicle Group Acquires Great West Truck Center (Kingman, AZ)

April 5, 2021

Transportation

Velocity Vehicle Group (VVG) has acquired Great West Truck Center in Kingman, Arizona, adding a strategic location at the intersection of I-40 and I-93 to VVG's Southwest network. The Kingman location will continue offering commercial tires and heavy towing while VVG integrates the site and employees into its dealer and service operations.

Velocity Truck Centers Acquires Triple-T Truck Centers

January 4, 2022

Automotive

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.

Velocity Truck Centers Acquires Triad Freightliner Group, Carolina Freightliner and H&H Freightliner

October 1, 2021

Automotive

Velocity Truck Centers (part of Velocity Vehicle Group) has acquired the Triad Freightliner group — including Triad Freightliner, Triad Freightliner of Kingsport, West Carolina Freightliner, Carolina Freightliner and H&H Freightliner — expanding VTC’s footprint into North Carolina and eastern Tennessee. The acquisition adds nine dealership locations and more than 400 employees, broadening VTC’s commercial vehicle sales, service, parts and financing capabilities in the Southeast.

Velocity Truck Centers Acquires Neely Coble Company

June 16, 2022

Trucking & Fleet

Velocity Truck Centers (part of Velocity Vehicle Group) has acquired Neely Coble Company, a multi-location Freightliner/Western Star/Isuzu dealership group with locations in the Nashville, TN, Huntsville/Decatur, AL and Bowling Green, KY metros. The acquisition expands Velocity Truck Centers' footprint from the Southwest into the Southeast and adds commercial vehicle sales, service and parts capabilities to support regional fleets and owner-operators.

Precision Aviation Group Acquires Velocity Aerospace Group

March 15, 2022

Aerospace & Defense

Precision Aviation Group (PAG), a GenNx360 portfolio company, has acquired Velocity Aerospace Group, a Frisco, Texas-based provider of aviation MRO and manufacturing services. The deal adds three FAA repair stations in Burbank, Van Nuys and Ft. Lauderdale, brings roughly 140 employees, over 110,000 square feet of facilities and expands PAG's avionics, DER repair and manufacturing capabilities.