VIPAR Heavy Duty buys Power Heavy Duty
CRYSTAL LAKE – Crystal Lake-based VIPAR Heavy Duty said this week it had acquired Pearland, Texas-based Power Heavy Duty.
Terms of the deal were not disclosed. Power Heavy Duty will become part of the VIPAR Heavy Duty family of companies, but continue to serve the marketplace as a separate brand, according to a news release.
“The acquisition ... allows us to take a multi-faceted approach to the independent heavy duty parts distribution business, and be the program group of choice for successful heavy duty parts distributors of all sizes by providing the right programs, tools and products,” VIPAR Heavy Duty President and CEO Steve Crowley said in a statement. “We want to continue to be the strongest possible channel for our suppliers to bring their products to the marketplace.”
VIPAR Heavy Duty distributors operate more than 500 locations in the U.S., Canada, Puerto Rico and Mexico. Adding Power Heavy Duty members more than 200 U.S. locations will give the combined network more than 700 locations to serve users including fleets, owner-operators and independent repair shops under the VIPAR Heavy Duty and Power Heavy Duty brands, according to the release.
“The Power Heavy Duty acquisition is an exciting development that significantly impacts the value it brings to all our stakeholders, including our distributors, supplier partners, and ultimately our end-user customers,” said Bill Nolan, chairman of VIPAR Heavy Duty and president of PBS Truck Parts in South Bend, Ind. “We are a service-driven industry and this further strengthens the valued assistance we can bring to our customers, when and where they need it.”
VIPAR Heavy Duty will take over all corporate functions including central administration and management, program management, marketing and communications and technology for Power Heavy Duty, according to the release.
Brett Upton will continue to be the point of contact for member development, recruitment and other needs.
“Power Heavy Duty members will benefit from this acquisition by having the support and proven experience of VIPAR Heavy Duty management behind the group and brand,” Upton said in a statement.