By Generational EquitySep 26, 2022, 08:00 et
Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its 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.”
About Generational Equity
Generational Equity, Generational Capital Markets (member FINRA/SIPC), Generational Wealth Advisors, Generational Consulting Group, and DealForce are part of the Generational Group, which is headquartered in Dallas and is one of the leading M&A advisory firms in North America.
With more than 300 professionals located throughout 16 offices in North America, the companies help business owners release the wealth of their business by providing growth consulting, merger, acquisition, and wealth management services. Their six-step approach features strategic and tactical growth consulting, exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.
The M&A Advisor named the company Investment Banking Firm of the Year three years in a row, Valuation Firm of the Year in 2020, and North American Investment Bank of the Year in 2022. For more information, visit https://www.genequityco.com/ or the Generational Equity press room.
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