Michigan-based M&K Truck Centers recently purchased four locations of General Truck Sales, Inc.
Three of the General Truck Sales locations are in Indiana and one is in Ohio.
Terms of the deal were not disclosed.
General Truck Sales, Inc. is a family-owned business founded in 1958. The business sells, leases, repairs, and services new and used light, medium, and heavy-duty trucks. General Truck Salevfcs, Inc. is an authorized Volvo, Mack, Hino, and Isuzu dealer and recognized four times by Volvo Trucks as North American Dealer of the Year.
The company’s facilities include Toledo, Ohio, which sits on 20.25 acres with a 92,800 square-foot building, Pendleton, Indiana, on 19.4 acres with a 70,800 square-foot building, and two locations in Muncie, Indiana.
Steve Bassett, chief executive officer of General Truck Sales, Inc. said, “Since our inception in 1958, General Truck Sales has been providing first-class service to our customers. After 67 years in business and 34 years of ownership under my guidance, I have chosen to retire. Selling my business was one of the biggest decisions I’ve ever made, and I couldn’t have asked for a better partner throughout the process.”
M&K Truck Centers is a commercial vehicle dealer group headquartered in Byron Center, Michigan. It operates over 30 locations, employing more than 1,000 people. The company represents Mack, Volvo, Hino, and Isuzu trucks; Wabash, East, and Vanguard trailers; and Renegade motor coaches.
Founded in 1989 by Ron Meyering, M&K began with the purchase of used truck inventory and steadily expanded into new truck sales, adding Volvo in 2002 and Mack in 2003. Over the years, M&K Truck Centers has grown through several strategic acquisitions.
Meyering, chief executive officer of M&K Truck Centers said, “The acquisition of General Truck Sales, Inc. in Indiana and Ohio was a perfect geographical fit for M&K Truck Centers. Our team is excited about this acquisition, and we look forward to including the General Truck Sales employees in our ESOP employee ownership plan.”
General Truck Sales, Inc. will be renamed M&K Truck Centers, and all four locations will remain at their current sites.
