National aftermarket truck and trailer part supplier FleetPride Corp. has been sold to investment firm Investcorp, Banc of America Capital Investors, and members of the company’s management team. Terms of the deal were not disclosed.
Based in The Woodlands, TX, FleetPride is one of the largest independent distributors of aftermarket heavy-duty truck and trailer parts in theU.S., with 156 distribution branches.
“FleetPride serves a stable and steadily growing industry, driven by strong domestic freight demand and a large and growing installed truck base,” said Sean Madden, managing director of Investcorp. “We believe the company is well positioned to sustain [revenue and earnings] performance, both through add-on acquisitions and organic growth.”
FleetPride was purchased from an investor group led by Aurora Capital Group and including Brentwood Associates and certain pension and endowment funds.