TS&B starts truck dealership spree

Nov. 7, 2001
TS&B Holdings, based in Orlando, FL, is kicking off a long-planned truck dealership acquisition strategy with the purchase of Lucas Truck and Equipment Sales of Medford, OR. Lucas Truck is a privately held retail truck, equipment and parts business with existing Volvo, Mack Truck, Western Star, Transcraft and Hino franchises and had revenues of $9.3 million for its fiscal 2001 year. TS&B bought Lucas
TS&B Holdings, based in Orlando, FL, is kicking off a long-planned truck dealership acquisition strategy with the purchase of Lucas Truck and Equipment Sales of Medford, OR.

Lucas Truck is a privately held retail truck, equipment and parts business with existing Volvo, Mack Truck, Western Star, Transcraft and Hino franchises and had revenues of $9.3 million for its fiscal 2001 year. TS&B bought Lucas Truck for $1.5 million worth of stock.

"The Lucas acquisition is the first purchase under our acquisition program," said Charles Giannetto, TS&B’s general counsel. He added that TS&B is currently in acquisition discussions with 10 other trucking related businesses, including strategically located distributors and freight companies.

"These prospective acquisitions, if all completed, would be significantly in excess of the $60 million in revenue over 36 months goal our board had originally forecast," he said.

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Sean Kilcarr | Editor in Chief

Sean reports and comments on trends affecting the many different strata of the trucking industry -- light and medium duty fleets up through over-the-road truckload, less-than-truckload, and private fleet operations Also be sure to visit Sean's blog Trucks at Work where he offers analysis on a variety of different topics inside the trucking industry.

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