Trucking & Fleet Acquisitions in Alabama

FleetPride, the nation’s largest distributor of heavy-duty truck and trailer parts and services, acquired the assets of Knowles On Site Repair, Inc. The deal expands FleetPride’s mobile repair capabilities and strengthens its presence in the Florida Panhandle and Mobile, Alabama, adding a team of more than 30 technicians to FleetPride’s service network.

One Equity Partners has completed an investment in Montgomery Transport, a Birmingham, Alabama–based over-the-road flatbed carrier specializing in over-dimensional and heavy-haul freight. OEP said it intends to support Montgomery Transport’s growth and use the company as a platform for consolidation in the flatbed trucking sector; financial terms were not disclosed.

Gamut Capital Management, in partnership with British Columbia Investment Management Corporation (BCI), signed a definitive agreement to invest in PS Logistics. The capital and strategic partnership will support PS Logistics — a Birmingham, Alabama-based flatbed transportation and logistics provider — to accelerate growth, expand capabilities and scale its asset- and broker-based platform across the continental United States. Financial terms were not disclosed.

FleetPride, Inc. has acquired the assets of Southern Truck Center of Birmingham, Alabama, a family-founded truck and trailer parts and service operation started by Tim Walker in 2005. Mike Walker will continue to manage day-to-day operations; the acquisition complements FleetPride's nearby Birmingham branch and expands its local service footprint as part of FleetPride's ongoing acquisition-driven growth strategy.