M&A Deal Summary

One Equity Partners Acquires Wheeler Fleet Solutions

On February 18, 2025, private equity firm One Equity Partners acquired distribution company Wheeler Fleet Solutions from VSE for 230M USD

Acquisition Highlights
  • This is One Equity Partners’ 8th transaction in the Distribution sector.
  • This is One Equity Partners’ 9th largest (disclosed) transaction.
  • This is One Equity Partners’ 79th transaction in the United States.
  • This is One Equity Partners’ 6th transaction in Pennsylvania.

M&A Deal Summary

Date 2025-02-18
Target Wheeler Fleet Solutions
Sector Distribution
Buyer(s) One Equity Partners
Sellers(s) VSE
Deal Type Divestiture
Deal Value 230M USD

Target

Wheeler Fleet Solutions

Somerset, Pennsylvania, United States
Wheeler Fleet Solutions is an online wholesale distributor of truck parts. The Company supply heavy, medium, and light-duty parts online. Wheeler Fleet Solutions was formed in 1960 and is headquartered in Somerset, Pennsylvania.

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Buyer(S) 1

Buyer

One Equity Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

One Equity Partners (OEP) is a private equity firm that targets buyout and growth capital investments in North America, Europe, and Asia. OEP prefers to be the lead investor and typically commits $30 to $150 million per transaction. Sectors of interest include industrial products/services, consumer, retail, chemicals, media, communications, and healthcare. One Equity Partners was formed in 2001 and spun out of JP Morgan Chase in 2015. One Equity Partners is based in New York, New York.


DEAL STATS #
Overall 133 of 138
Sector: Distribution M&A 8 of 8
Type: Divestiture M&A Deals 31 of 31
State: Pennsylvania M&A 6 of 6
Country: United States M&A 79 of 82
Year: 2025 M&A 1 of 6
Size (of disclosed) 9 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-30 WW Williams

Dublin, Ohio, United States

WW Williams provides aftermarket parts and services to the commercial vehicle and equipment markets operating across the US. The company represents major original equipment manufacturers (OEMs) and provides a full range of products, parts, and services focused on keeping customers’ vehicles and equipment in operation and minimizing downtime. WW Williams was founded in 1912 and is based in Dublin, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-25 CraftMark Bakery

Indianapolis, Indiana, United States

CraftMark Bakery is a supplier of frozen bakery products to food service and in-store bakery (ISB) customers. The company's state-of-the-art facility has the ability to supply a wide array of frozen bakery products, including bread dough, cookies, and flatbread. CraftMark Bakery was formed in 2013 and is based in Indianapolis, Indiana.

Buy -

Seller(S) 1

SELLER

VSE

Alexandria, Virginia, United States

Category Company
Founded 1959
Sector Business Services
Employees1,400
Revenue 1.1B USD (2024)
DESCRIPTION

VSE is a diversified professional services company providing engineering, systems integration, technology and management solutions to customers in the defense, homeland security, law enforcement, energy, and environmental industries. VSE was founded in 1959 and is based in Alexandria, Virginia.


DEAL STATS #
Overall 3 of 3
Sector: Distribution M&A 1 of 1
Type: Divestiture M&A Deals 3 of 3
State: Pennsylvania M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2025 M&A 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-15 Kellstrom Aerospace

Davie, Florida, United States

Kellstrom Aerospace is an aerospace aftermarket business focused on providing new parts, surplus material and other technical services to airlines, MROs and lessors. Kellstrom Aerospace provides its customers with instant access to one of the world’s largest and most comprehensive inventories of new and pre-owned aircraft parts and offers world-class supply chain solutions, including new OEM parts distribution, consignment management, pre-owned parts distribution, repair management, overhauled rotable components, parts exchange, whole engine assets and fleet provisioning programs. Kellstrom Aerospace was founded in 2002 and is based in Davie, Florida.

Buy $200M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-10-27 Aero 3

Bedford, New Hampshire, United States

Aero 3 is an aviation group providing aircraft parts, repair, and maintenance services through its brands AeroRepair, AirCrafters, Hemico, and Skywheels. The Company’s capabilities include component overhaul, wheel and brake servicing, PMA engineering, and parts distribution for commercial, business, and military aircraft operators across North America and international markets. Aero 3 was founded in 2019 and is headquartered in Bedford, New Hampshire.

Buy $350M