M&A Deal Summary

K. Neal Truck and Bus Center Acquires Powell s Truck & Equipment

On October 2, 2023, K. Neal Truck and Bus Center acquired automotive company Powell s Truck & Equipment

Acquisition Highlights
  • This is K. Neal Truck and Bus Center’s 1st transaction in the Automotive sector.
  • This is K. Neal Truck and Bus Center’s 1st transaction in the United States.
  • This is K. Neal Truck and Bus Center’s 1st transaction in Virginia.

M&A Deal Summary
Date 2023-10-02
Target Powell s Truck & Equipment
Sector Automotive
Buyer(s) K. Neal Truck and Bus Center
Deal Type Add-on Acquisition

Target

Powell s Truck & Equipment

Lynchburg, Virginia, United States
Powell's Truck & Equipment is a full-service International and Isuzu truck dealer offering a premier selection of new trucks and a wide variety of pre-owned trucks. Powell's Truck & Equipment was founded in 1963 and is based in Lynchburg, Virginia.

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Buyer(S) 1

Buyer

K. Neal Truck and Bus Center

Hyattsville, Maryland, United States
Category Company
Founded 2006
Sector Automotive
DESCRIPTION

K. Neal Truck and Bus Center is a full-service, minority-owned commercial truck and bus dealership committed to improving fleet uptime, anticipating the future of mobility, integrating emerging technology and supporting the profitability of the transportation ecosystem. K. Neal offers new and used commercial trucks and buses, superior mobile service options, the right parts at the right time and preventative, technology-backed maintenance solutions. K. Neal Truck and Bus Center was founded in 2006 and is based in Hyattsville, 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
Mergr

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