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New Deal


Announced

Completed

VTC completed the acquisition of P&R Truck Centre.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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truck dealer

Completed

Single Bidder

Friendly

Canada

Trucking

Acquisition

Cross Border

Private

Majority

Synopsis

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Velocity Truck Centers, a selection of commercial truck dealerships, completed the acquisition of P&R Truck Centre, a full service truck dealer. Financial terms were not disclosed. “We are very excited to welcome the P & R team to what is the most comprehensive commercial vehicle sales, service and support network in North America. It has been a pleasure to work with P & R’s President, Dave Polack through this process and we are thrilled that he will continue to lead the team on Vancouver Island as we go forward. The continuity of the P & R leadership team will enable us to achieve the best of both worlds – a locally led team with total focus on the Vancouver Island market, supported by the resources, processes and functional teams of the Velocity organization. We want to personally welcome everyone from P & R to the Velocity organization, and we look forward to meeting customers on the island in the coming months,” Brad Fauvre and Conan Barker, VTC Co-Presidents.

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