FleetPride Acquires Panhandle Truck Parts, LTD

July 20, 2009

THE WOODLANDS, Texas, July 20 /PRNewswire/ — FleetPride, Inc., the nation’s largest independent aftermarket distributor of heavy-duty truck and trailer parts, announced today that it had acquired the assets of Panhandle Truck Parts, LTD, with locations in Amarillo and Lubbock, Texas. With this addition, FleetPride now has 16 locations throughout Texas.

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Panhandle Truck Parts has been in business since 1988. In 2002, the business was purchased by Sid Harris, Debbie Shields and Lance Stark. Harris will now serve as Branch Manager, while Stark steps into the role of Operations Manager for Amarillo and Lubbock.

“Panhandle Truck Parts has been a respected heavy-duty distributor for many years. They have an outstanding reputation in the heavy-duty parts industry and a loyal customer following in Amarillo, Lubbock and the Texas Panhandle areas. The Panhandle Truck Parts team brings a total of 120 years combined experience in the aftermarket heavy-duty parts business, making them an invaluable addition to our team,” said Lee Stockseth, Vice President Operations and Central Region.

“The acquisition of Panhandle Truck Parts furthers FleetPride’s strategic plan to expand into well-defined markets with strong local economies. Both Potter County and Lubbock County, Texas have thriving agricultural and oilfield industries, making them attractive markets for heavy-duty fleet owners. Through this acquisition, we will strengthen our presence in Lubbock, establish our first location in Amarillo, and expand our national footprint. Going forward we will be better positioned to meet the needs of our customers in the Texas Panhandle,” said Mike Paxton, Vice President Business Development and Strategic Planning.

About FleetPride, Inc.

FleetPride, Inc. (www.fleetpride.com) – America’s premier nationwide supplier of heavy duty truck and trailer parts – operates 188 locations in 39 states and carries a full line of nationally recognized brand name parts, as well as an assortment of exclusive brand parts. In addition, FleetPride offers in-house remanufactured products such as brake shoes, transmissions, rear axles and driveline components. Truck and trailer repair services are also offered at a number of locations.

About FleetCare

FleetCare (www.fleetcare.info) – America’s premier heavy duty truck and trailer service center network – has over 180 service providers across the country. FleetCare offers services for all makes and models at all locations, 24/7 toll-free locator service, dedicated website, highly trained technicians, brand name parts, nationwide parts warranty and roadside assistance in many locations.

SOURCE FleetPride, Inc.

Source: newswire

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