TruckPro buys Canada’s Transaxle Parts

In a deal designed to strengthen its position as a distributor of heavy-duty truck and trailer parts and services in North America, TruckPro LLC has acquired the Transaxle Parts group of companies through its wholly-owned subsidiary Crane Carrier (Canada) Ltd.

The financial terms of the deal have not been disclosed.

For over 30 years, Transaxle has specialized in truck and trailer parts distribution and repair services and operates five locations in the greater Toronto market.

“This acquisition significantly expands Crane Carrier Canada’s operations in the Toronto area, Canada’s largest transportation market, and greatly enhances [our] presence in Canada, overall,” TruckPro officials said in a June 25 news release.

Transaxle provides a complete line of truck and trailer parts, including hydraulics and drivetrain components, and a comprehensive range of services, with advanced truck and trailer maintenance and repair and hydraulics installation and repair.

Transaxle’s owners, Tom Neelin and Gary Zwygers, will continue to lead day-to-day operations. “Joining forces with Crane Carrier Canada and TruckPro marks an exciting new chapter for Transaxle,” said Neelin. “We are confident that this partnership is a great fit and will elevate our capabilities and our associates will benefit from new growth opportunities as we integrate with TruckPro’s extensive network and resources in Canada and the United States.”