Tec Equipment, Inc., announced it has purchased the Volvo franchise rights from North American Truck & Trailer in Omaha and Lexington, Nebraska; Sioux City, Iowa; and Sioux Falls, South Dakota.
The acquisition also includes the rights for Tec to take over as Omaha’s Hino dealer in the medium-duty market. These four new locations join Tec Equipment’s existing 28 locations, and expand its operations to a total of eight states.
“We’re excited to bring four new locations to the Tec Equipment network,” said David A. Thompson, founder/president of Tec. “This acquisition of franchise rights that include South Dakota, Nebraska and 30 counties in western Iowa means we can now serve our long-haul customers as they make their way across the country via I-80. It also expands the reach of Tec’s Best Business Partner commitment to better serve current and new customers in the Great Plains.”
Tec said it will continue to support new Volvo sales throughout the region. The Omaha location will remain a Certified Uptime center, in addition to being a certified Cummins repair facility. Lexington’s store will continue its full-service operations in its current location. Tec’s Sioux City location remains in the same location as prior Volvo operations, with Sioux Falls’ Volvo operations moving to an alternative location, both opening around June 1.
“We saw an opportunity to expand our footprint into an area of the country that not only yields great potential, but also fits well within our current network,” said Greg Schuttenhelm, COO of Tec. “Being our customers’ ‘Best Business Partner’ means bringing the full-service trucking solutions our customers need – whether that’s a new Volvo or Hino, an all-makes replacement part, or truck insurance for their fleet.”
Both Nebraska locations are currently open, and Sioux City and Sioux Falls locations will reopen in June. Once open, all four locations will offer:
- Volvo sales, OEM parts and authorized service;
- Cummins authorized service;
- Used truck sales;
- All-makes parts and service; and
- In-house financing.