FleetPride, a US-based supplier of heavy-duty truck and trailer parts, has acquired Clutch and Transmission Service, which operates as CATCO Parts & Service.
The acquisition includes 18 locations in Minnesota, Wisconsin, North Dakota, South Dakota and Illinois.
Founded in 1949 as Clutch and Transmission Service, CATCO Parts & Service, includes drive-in service, hydraulic cylinder repair and replacement parts operations.
FleetPride chairman and CEO WM McGee said that CATCO represents one of the company's strategic acquisitions to date in terms of geographic expansion into four new states, and substantially strengthens our exclusive coast-to-coast heavy-duty network.
"Additionally, this transaction reinforces our commitment to the service side of the business," McGee said.
"Rapidly expanding our platform in the heavy-duty trucking service market means we can deliver even more value to our customers while growing our business concurrently.
"Acquiring parts distributors who also have repair and maintenance operations, such as CATCO, will continue to be an integral part of our growth strategy."
