M&A Deal Summary

Baltimore Potomac Truck Centers Acquires TMI Truck and Equipment

On December 22, 2023, Baltimore Potomac Truck Centers acquired automotive company TMI Truck and Equipment

Acquisition Highlights
  • This is Baltimore Potomac Truck Centers’ 1st transaction in the Automotive sector.
  • This is Baltimore Potomac Truck Centers’ 1st transaction in the United States.
  • This is Baltimore Potomac Truck Centers’ 1st transaction in Virginia.

M&A Deal Summary
Date 2023-12-22
Target TMI Truck and Equipment
Sector Automotive
Buyer(s) Baltimore Potomac Truck Centers
Deal Type Add-on Acquisition

Target

TMI Truck and Equipment

Norfolk, Virginia, United States
TMI Truck and Equipment is an OEM dealer for commercial truck brands Volvo, Mack, Isuzu, and Hino. TMI Truck and Equipment was formed in 1970 and is based in Norfolk, Virginia.

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Buyer(S) 1

Buyer

Baltimore Potomac Truck Centers

Linthicum Heights, Maryland, United States
Category Company
Founded 1973
Sector Automotive
DESCRIPTION

Baltimore Potomac Truck Centers operates five full-service commercial truck dealership locations throughout Maryland and Virginia, featuring franchise locations for Mack, Volvo, and Hino Trucks. Baltimore Potomac Truck Centers was formed in 1973 and is based in Linthicum Heights, Maryland.

DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Virginia) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
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