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  6. ML Utilities Acquires Cherokee Truck Equipment

M&A Deal Summary

ML Utilities Acquires Cherokee Truck Equipment

On April 30, 2022, ML Utilities acquired automotive company Cherokee Truck Equipment

Acquisition Highlights
  • This is ML Utilities’ 2nd transaction in the Automotive sector.
  • This is ML Utilities’ 2nd transaction in the United States.
  • This is ML Utilities’ 2nd transaction in Tennessee.

M&A Deal Summary
Date 2022-04-30
Target Cherokee Truck Equipment
Sector Automotive
Buyer(s) ML Utilities
Deal Type Add-on Acquisition

Target

Cherokee Truck Equipment

Chattanooga, Tennessee, United States
Cherokee Truck Equipment is a provider of new and used truck equipment and specializes in truck up-fitting packages for railroad operations. Additionally, their range of services includes equipment diagnosis, testing, inspections, preventative maintenance, and repairs, as well as a full-service web-based parts and equipment division. Cherokee Truck Equipment was founded in 1981 and is based in Chattanooga, Tennessee.

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Buyer(S) 1

Buyer

ML Utilities

Charlotte, North Carolina, United States
Category Company
Sector Automotive
DESCRIPTION

ML Utilities is a provider of an equipment maintenance, hydraulic repair, inspections, lube and chassis services (in-house or on the customers' site), all safely performed by a team of highly trained service technicians. ML Utilities is based in Charlotte, North Carolina.

DEAL STATS #
Overall 2 of 2
Sector: Automotive M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: Tennessee M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-14 Utility Equipment Service

Spring Hill, Tennessee, United States

Utility Equipment Service is specialized in new & used sales, upfitting, rental, parts & accessories, shop repair, and maintenance of service trucks. Utility Equipment Service was founded in 1981 and is based in Spring Hill, Tennessee.

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