Fleet Services Joins the CTTP Family of Companies
Fleet Services is excited to announce its partnership with Commercial Truck and Trailer Parts (CTTP), marking a significant milestone in expanding the CTTP Family of Companies. This collaboration aims to enhance distribution services and provide support for the heavy-duty truck industries, especially in the West Coast market.
History and Contributions of Fleet Services
Founded in 1966, Fleet Services has built a reputation for excellent customer service over nearly six decades. They offer a vast selection of aftermarket products from over 400 reputable brands across multiple locations. Their expansive presence supports a diverse clientele, ensuring that they can meet the needs of the heavy-duty truck sector effectively.
Benefits of the Partnership
This joint effort with CTTP marks a strategic step for Fleet Services. By joining forces, they leverage CTTP's exceptional sourcing capabilities along with Fleet Services' long-standing commitment to quality service. This collaboration will enable Fleet Services to further enhance its offerings by including a comprehensive line of Road Warrior Parts, intermodal chassis, and container parts. Customers in California can now benefit from improved access to high-quality products at prices that compete strongly in the market.
Fleet Services' Commitment to Quality
With Jason Reeher at the helm as President and CEO of CTTP, the focus remains on expanding their footprint in the Southern California market. Reeher expressed excitement about the collaboration, highlighting how it will facilitate faster local deliveries, thereby enhancing the overall customer experience.
Remarks from Leadership
Dick Van Eck, CEO of Fleet Services, shared his thoughts on the partnership, stating that selecting a partner was a critical and intentional process. He remarked on CTTP's reputation and resources, believing it would greatly benefit their shared objective of growth and service excellence.
Financial Aspects and Advisory Support
The financial framework supporting this partnership was established with the assistance of Sope Creek Capital, Plexus Capital, and Georgia Banking Company. Additionally, Hart Marx Advisors played a crucial role in advising Fleet Services throughout this significant transaction.
About Commercial Truck and Trailer Parts
Commercial Truck and Trailer Parts has been a reliable name in the aftermarket parts distribution sector since its inception and offers a broad range of over 350 well-known brands. Their customer base spans various industries, including intermodal, freight, and repair services, making them a valued partner in the supply chain.
About Fleet Services
Fleet Services has established itself as a leader in the aftermarket heavy-duty parts distribution space in California. Their commitment to quality and service, enriched by three generations of family leadership, positions them as a frontline service provider catering to various end-markets including municipal, transportation, and utilities.
About Sope Creek Capital
Sope Creek Capital is focused on enabling substantial growth within the transportation and logistics sectors. Through strategic partnerships and funding, they aid companies in realizing their growth potential in a competitive marketplace.
Frequently Asked Questions
What is the significance of the partnership between Fleet Services and CTTP?
The partnership is aimed at enhancing service delivery and expanding the distribution network across Southern California.
How long has Fleet Services been in operation?
Fleet Services has been operating since 1966, providing nearly 60 years of service.
What products will be offered as part of this partnership?
Customers can expect a full range of Road Warrior Parts, intermodal chassis, and container parts added to Fleet Services' existing offerings.
Who are the financial backers for this partnership?
The partnership’s financing was provided by Sope Creek Capital, Plexus Capital, and Georgia Banking Company.
What types of markets does Fleet Services serve?
Fleet Services caters to multiple markets including municipal, transportation, construction, and utilities.