M&A Deal Summary

TruckPro Acquires CCI

On August 8, 2013, TruckPro acquired automotive company CCI from ITW

Acquisition Highlights
  • This is TruckPro’s 1st transaction in the Automotive sector.
  • This is TruckPro’s 2nd transaction in the United States.
  • This is TruckPro’s 1st transaction in Oklahoma.

M&A Deal Summary
Date 2013-08-08
Target CCI
Sector Automotive
Buyer(s) TruckPro
Sellers(s) ITW
Deal Type Divestiture

Target

CCI

Tulsa, Oklahoma, United States
CCI is a leading network of commercial vehicle parts and service locations, with 100 retail stores, service shops and distribution center locations in the U.S. and Canada. CCI’s product offering includes full drivetrain, power take-off, suspension, brakes, hydraulics and related products, as well as repair and rebuilding services.

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Buyer(S) 1

Buyer

TruckPro

Cordova, Tennessee, United States
Category Company
Founded 1958
Sector Automotive
DESCRIPTION

TruckPro is an independent distributor of heavy-duty aftermarket truck parts and accessories in the U.S. TruckPro distributes a full range of products that cover maintenance and repair events for substantially all major OEMs of heavy-duty vehicles. TruckPro sells its products to over 35,000 customers in numerous end markets, including small, regional and national trucking companies; private fleets; waste services companies; construction companies; municipalities and independent repair shops. TruckPro, Inc. was founded in 1958 and is based in Memphis, Tennessee.

DEAL STATS #
Overall 2 of 14
Sector (Automotive) 1 of 10
Type (Divestiture) 1 of 1
State (Oklahoma) 1 of 2
Country (United States) 2 of 13
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-17 Carolina Rim and Wheel

Charlotte, North Carolina, United States

Carolina Rim and Wheel is an independent distributors of heavy duty truck & trailer products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-23 Palm Beach Spring

W. Palm Beach, Florida, United States

Palm Beach Spring Company is an independent distributors of heavy-duty truck and trailer products and advanced repair services.

Buy -

Seller(S) 1

SELLER

ITW

Glenview, Illinois, United States
Category Company
Founded 1912
Sector Manufacturing
Employees45,000
Revenue 16.1B USD (2023)
DESCRIPTION
Entrance to Illinois Tool Works' corporate headquarters in Glenview, Illinois.
Entrance to Illinois Tool Works' corporate headquarters in Glenview, Illinois.

ITW is a manufacturer of a range of value-adding and short lead-time industrial products and equipment. ITW was founded in 1912 and is based in Glenview, Illinois.

DEAL STATS #
Overall 9 of 14
Sector (Automotive) 1 of 1
Type (Divestiture) 9 of 13
State (Oklahoma) 1 of 1
Country (United States) 7 of 12
Year (2013) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-03 Vesta Catering Equipment

Guangzhou, China

Vesta Catering Equipment Co., Ltd is the designer and maker of Western style mid-range commercial kitchen equipment in China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-01 Signode Industrial Group

Glenview, Illinois, United States

Signode Industrial Group, Inc. is a global manufacturer of steel and plastic strapping, stretch film and the application equipment and accessory products for each. Signode is the world's leading supplier of transit packaging systems and solutions, which consist of strap, stretch and protective packaging consumables and the application equipment and tooling for each. Based in Glenview, Illinois, Signode's global footprint includes operations in 40 countries across 6 continents, with sales to customers in approximately 60 countries.

Sell $3.2B
Mergr

Product

Company

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