#United States #Fleet Services #CTTP #Aftermarket Parts #Midlothian

Fleet Services Partners with CTTP: A New Chapter in Aftermarket Parts Distribution

Commercial Truck and Trailer Parts (CTTP), a leading name in the aftermarket parts distribution for heavy-duty trucks in the U.S., has recently announced its partnership with Fleet Services. This alliance marks a significant expansion for CTTP, allowing them to strengthen their foothold in the Southern California region.

Founded in 1966, Fleet Services Inc. has grown to become a reputable provider in the aftermarket parts industry, serving customers with dedication for nearly 60 years. Their extensive inventory showcases over 400 brands, with locations in Anaheim, San Bernardino, San Diego, and Ventura. Now, with CTTP by their side, Fleet Services will enhance its offerings, including the full range of Road Warrior Parts and intermodal chassis, ensuring high-quality solutions at competitive prices.

The strategic partnership aims to leverage Fleet Services' commitment to excellent customer service, paired with CTTP’s extensive sourcing capabilities and logistical expertise. President and CEO of CTTP, Jason Reeher, expressed excitement about this collaboration. He emphasized that the partnership not only enhances local service and delivery times but also allows CTTP to reach a broader customer base in the region.

In his own words, Reeher stated, "We are thrilled about the partnership with Fleet Services. By expanding our physical footprint, we can provide faster local deliveries and enhanced service to the Southern California market."

Fleet Services’ CEO, Dick Van Eck, echoed this sentiment, noting that selecting CTTP was an intentional choice focused on preserving their high-quality service standards while introducing resources necessary for growth. He remarked, "Our shared commitment to people, service, and growth is a recipe for success."

The transaction was facilitated by financial support from Sope Creek Capital, Plexus Capital, and Georgia Banking Company, underscoring the strategic nature of this partnership. Hart Marx Advisors played a key role in the advisory process, helping Fleet Services navigate the transaction successfully.

Fleet Services will continue to operate under the VIPAR Heavy Duty network, maintaining its established reputation while gaining added depth through this partnership.

Background on the Companies

Commercial Truck and Trailer Parts: Established in 2003 and reincorporated in 2019, CTTP has built a strong presence in the independent heavy-duty aftermarket channel. They boast an extensive catalog of over 350 brands and cater to a diverse range of industries including intermodal, freight, shipping, and repairs—positioning them as a pivotal player in the market.

Fleet Services: Known for its exemplary service in the aftermarket segments, Fleet Services started with a focus on repairs and has since evolved into a key distributor in Southern California. Their long-standing focus on quality and customer relations aligns perfectly with the CTTP’s operational philosophy.

Sope Creek Capital: Based in Atlanta and led by logistics veteran Kevin Nolan, this family office focuses on providing capital solutions to transformative companies in logistics and transportation, reinforcing the potential for growth through strategic investment.

Hart Marx Advisors: Renowned as a premier consulting firm in the automotive and heavy-duty industries, Hart Marx Advisors specializes in mergers and acquisitions (M&A). Their extensive guidance in this transaction has ensured that both Fleet Services and CTTP can focus on their strengths while benefiting from the synergies of their new partnership.

The combination of Fleet Services’ experience and CTTP’s resources sets a promising trajectory for both companies, ensuring that they can meet the growing demands of the heavy-duty aftermarket parts industry while delivering exceptional service to their customers in Southern California.

This partnership is not just a merging of brands but a commitment to innovation, quality service, and the growth of the heavy-duty parts market in a competitive landscape.