Two longtime employee-owned rivals have signed an agreement to merge after working independently in the truck parts and service business since the end of World War II.
Drive Train Industries and Inland Truck Parts Co. will combine 100% of their operations and re-brand as Inland Truck Parts and Service. Members of both company’s management teams plan to stay on. The deal is expected to close on July 2.
Drive Train was founded in 1945 in Denver, and operates nine locations in three states. It focuses on heavy-duty truck repair, remanufactured parts and custom manufacture of brakes and driveline components.
Located in Overland Park, Kan., and founded in 1944, Inland Truck has 34 locations in 11 states, focusing on truck service, aftermarket parts and in-house remanufacturing.
The merged company will have 850 employees.
Drive Train and Inland Truck have both received recognition. In 2002, Inland Truck was given the inaugural North America Truck Parts and Service Distributor of the Year award. The following year, Drive Train won the award.
“We are proud to associate with a company that supports the independent aftermarket to the extent that Inland does,” Drive Train CEO Jim Burke said.
“We couldn’t have found a better company to partner with,” Inland Truck CEO Greg Klein said. “We are thrilled to join forces with a company full of outstanding employees, and the fact that we are both employee-owned will make the union that much easier.”