Generational Group Advises Foster’s Truck & Trailer, Inc. in its Sale to The Service Company

By Generational Group

04/29/2025

Generational Group, a leading mergers and acquisitions advisory firm for privately held businesses, is pleased to announce the sale of Foster’s Truck & Trailer, Inc. to The Service Company. The acquisition closed March 10, 2025.

Located in Columbus, Ohio, Foster’s Truck & Trailer, Inc. is a reputable business specializing in maintenance and repair services for trucks and trailers.

Based in Covington, Ohio, The Service Company is a trusted provider of comprehensive truck and trailer repair, maintenance, and fleet services. Founded in 1978, the company operates multiple locations across Ohio, specializing in preventative maintenance, DOT inspections, and a full range of repair solutions to keep commercial vehicles operating efficiently. Committed to quality, reliability, and customer service, The Service Company serves fleet operators, owner-operators, and businesses of all sizes. By combining experienced technicians with state-of-the-art equipment, the company ensures fast, dependable service that minimizes downtime and maximizes vehicle performance.

Generational Group Executive Managing Director, M&A, Central Region – Michael Goss, and his team led by Generational Affiliate, Mark Long, with the support of Vice President, M&A, Madison Buckley, successfully closed the deal. Executive Managing Director, Ed Weber and Senior M&A Advisor and Group Leader, Peter Stone established the initial relationship with Foster’s Truck & Trailer, Inc.

Ryan Binkley, CEO of Generational Group, added, “This transaction is a great example of how the right partnership can create long-term value. We’re proud to have been part of this journey and look forward to seeing the continued success of both parties.”