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  6. The Pete Store Acquires Palm Truck Centers

M&A Deal Summary

The Pete Store Acquires Palm Truck Centers

On December 23, 2020, The Pete Store acquired automotive company Palm Truck Centers

Acquisition Highlights
  • This is The Pete Store’s 1st transaction in the Automotive sector.
  • This is The Pete Store’s 1st transaction in the United States.
  • This is The Pete Store’s 1st transaction in Florida.

M&A Deal Summary
Date 2020-12-23
Target Palm Truck Centers
Sector Automotive
Buyer(s) The Pete Store
Deal Type Add-on Acquisition

Target

Palm Truck Centers

Fort Lauderdale, Florida, United States
Palm Truck Centers, Inc. is a truck dealer group with operations in 6 locations in South Florida including Miami, Fort Lauderdale, West Palm Beach, Fort Pierce, Clewiston, and Fort Myers. Palm Truck Centers offers full service new and pre-owned semi-truck dealership, which includes sales, service, parts, collision repairs, and custom painting. Palm Truck Centers was founded in 1965 and is based in Fort Lauderdale, Florida.

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Buyer(S) 1

Buyer

The Pete Store

Baltimore, Maryland, United States
Category Company
Founded 2001
Sector Automotive
DESCRIPTION

The Pete Store LLC offers sales of new and pre-owned trucks, truck parts, body shops, and truck service. The Pete Store was founded in 2001 and is based in Baltimore, Maryland.

DEAL STATS #
Overall 1 of 1
Sector: Automotive M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1
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