Generational Equity, a leading advisor to privately held and family-owned businesses for mergers, acquisitions, strategic growth initiatives, business valuation and exit planning, announced the acquisition of its client, Truckers 24 Hr. Road Service, headquartered in Indianapolis, Indiana to Power Train Service Co., an Indianapolis, Indiana based remanufacturer of power train products. The transaction closed October 1, 2010.
Trucker’s 24 Hr. Road Service provides services to the Indianapolis metro area. The Company is one of the largest truck service centers in Central Indiana. It is a full service truck, tractor and trailer repair center, offering 24 hours, 7 days a week, 365 days a year in-shop and radiodispatched road service, encompassing a 40-mile radius from its facility.
The Company is a licensed Napa Truck Service Center, providing customers’ nationwide warranty repair support. The Company garners a significant portion of its business through word-of-mouth referrals, repeat business, and its close proximity to Interstates 65, 69, 70, 74, and 465, which are popular trucking routes skirting Indianapolis, leading to Chicago, Detroit, Pittsburg, Nashville, St. Louis, Cedar Rapids, and many longer coast-to coast connecting routes. Power Train Service Co. has nine locations that offer services such as installation, repair, and product fabrication and testing.
Power Train custom builds hydraulic hoses and provides next day service on many drive train units. Power Train offers a comprehensive frame-up restoration program that can be adjusted to fit individual fleet specifications. From drive train restoration to a full frame-up including new cab, paint, and seat, Power Train provides services in Indiana, Ohio, and Kentucky. Managing Director’s, Doug Smith, Bill Goss and Assistant Vice President, Michael Goss, led Generational Equity’s deal team in marketing and negotiating the transaction.
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