Date
Aug 2022
Region
Washington
We are pleased to announce the sale of our client, Drivelines NW, Inc. to TruckPro, LLC. The transaction closed August 31, 2022.
Drivelines NW (Drivelines) located in Everett, Washington, with additional locations in Tacoma and Seattle, offers driveshaft repair, fabrication, and replacement services for all types of vehicles, boats, equipment, machinery, and other applications that utilize universal joint type driveshafts. The Company is an authorized dealer of Dana/Spicer, Meritor, Neapco, Team Tube, Powertrain Industries, Weasler, GKN, Sonnax, Machine Services, Aquadrive, AAM, and Elbe. Drivelines has a reputation for quality products, fast service, and a large stock of inventory. The Company differentiates itself as the go-to driveline expert, supported by highly knowledgeable and tenured employees.
TruckPro, LLC (TruckPro), headquartered in Cordova, Tennessee, was founded in 1958 and is a leading distributor of heavy-duty truck & trailer products, and advanced repair services. Through a distribution network of more than 150 stores and advanced service shops, TruckPro delivers a comprehensive range of products to support commercial and government customer requirements in the areas of brake systems, electrical, engines, gear & drivetrain, and more. TruckPro is recognized for delivering measurable value and outstanding support to its customers and suppliers alike. Vast application expertise makes TruckPro an unbiased knowledge resource for product information, documentation, and training.
Generational Equity Executive Managing Director of M&A – Western Region, Stephen Crisham, Senior M&A Advisor, Paul Hajek, with the support of Managing Director - M&A, Chad Comroe, closed the transaction. Executive Managing Director, Tom Braun, established the initial relationship with Drivelines.
“Drivelines and TruckPro are a perfect fit, and I’m excited to watch them grow together in the future,” said Hajek. “I am delighted that we were able to be a part of making their transaction a success.”
If you would like to explore other transactions our associates have supported in this industry, visit our dedicated Manufacturing & Fabrication M&A Deals page.
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