SCHAUMBURG, Ill. & MERRILLVILLE, Ind.–(BUSINESS WIRE)–S&S Truck Parts LLC (“S&S”) and Midwest Truck & Auto Parts Inc. (“Midwest”) today announced that they have completed the merger of the two companies, creating a powerful alliance between the two best of their category. independent truck parts distributors. The combination nearly doubles their collective business and forms a more diverse, scaled-up platform in the truck aftermarket space with the ability to source and offer a wider selection of high-quality products to clients.
This transaction brings together two world-class aftermarket organizations based in the Midwestern United States with more than 70 years of serving their communities and shared commitments to quality, service and value. With increased scale and an expanded geographic footprint, the combined company will help its customers navigate a complex and challenging global supply chain, increasing available inventory and enabling faster product delivery. In March 2022, S&S Truck Parts was acquired by Investcorp, one of the world’s leading alternative investment companies.
In the combined organization, DJ Hoffman will serve as Managing Director. In the short term, the company expects operations to continue as currently structured.
“We are extremely excited to bring together the teams of S&S Truck and Midwest, two companies with similar values and a commitment to superior customer service,” said DJ Hoffman, CEO of S&S Truck. “Our combination increases the breadth of our offerings for our customers, strengthens the depth of our workforce and business partnerships, and ultimately accelerates our ability to grow and deliver a deeper, modern and efficient customer experience.” We look forward to working closely with the Midwest team and together becoming an even stronger company as we continue to serve our customers.
“We are thrilled to find a high-quality partner in S&S Truck and look forward to combining our capabilities, infrastructure and human capital to drive further business growth,” said Mark Chudacoff, CEO of Midwest. “I have long championed the promise of innovation and partnership, like the one that drove this merger forward. Our combination will deliver clear benefits to customers and company employees, and our commitment to supporting and improving the communities in which we operate will remain unwavering.
Founded in Chicago in 1952, S&S is one of the largest suppliers of medium and heavy duty truck replacement parts. A family business since its inception, S&S Truck today serves more than 1,600 customers in 67 countries, including OEMs, dealerships, warehouse distributors and service shops. Since 1946, Midwest Truck & Auto Parts has been dedicated to producing and distributing high quality transmission products for heavy, medium and light duty vehicles, including components for high performance racing applications. Midwest’s global customers range from large retailers to warehouse distributors.
About S&S Truck Parts
S&S Truck Parts, LLC., is a leading distributor of private label and brand name truck replacement parts. Under its exclusive brand “NewStar”, S&S offers a wide range of products for heavy and medium trucks.
About Midwest Truck & Auto Parts
Midwest, and their proprietary brands, Motive Gear, Richmond Gear, TEN Factory, Powertrax and World American, is a leading supplier of aftermarket transmissions and related products to the heavy-duty truck, light-truck and racing markets. performance.
Investcorp is a global investment manager, specializing in alternative investments in private equity, real estate, credit, absolute return strategies, GP holdings, infrastructure and asset management insurance. Since our inception in 1982, we have focused on generating attractive returns for our clients while creating long-term value in our investee companies and for our shareholders as a prudent and responsible investor.
Investcorp now has 13 offices in the United States, Europe, the GCC and Asia, including India, China and Singapore. As of June 30, 2022, the Investcorp group had total assets under management of US$42.7 billion, including assets managed by third-party managers, and employed approximately 480 people of 50 nationalities globally in its offices.