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Fleet fixed and operating costs are increasing across the board, in particular fuel prices, higher acquisition costs, lower incentives, and unscheduled maintenance expenses. The forecast is for fleet expenses to increase for the next three years.
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The company will continue to operate under the Piedmont Truck Tire name with current president, Dan Rice, overseeing operations.
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The agreement is closely aligned with KAR’s digital strategy, and will allow KAR to focus on its portfolio of digital marketplaces.
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Both companies are leaders in the heavy-duty vehicle lifts segment and Nussbaum in the light-duty vehicle lifts segment.
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Spireon delivers insights to help customers in these sectors track, manage, and protect their most valuable assets.
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Nationwide Truck Service offers a range of repair services from its 21-bay facility and mobile repair units in addition to 24/7 roadside support.
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The acquisitions propel LRS to the fourth largest portable restroom company in North America.
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Through this acquisition, Walter is expanding its safety and PPE product offering to industrial users complementing its metalworking products.
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M&K will offer Mack, Volvo, and Isuzu products and all support services out of the new Pennsylvania locations in Altoona, Bedford, Brookville, Erie, Harrisburg, Milesburg, New Stanton, Somerset and from its Wheeling, West Virginia location.
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The company now adds additional transportation and container resources to its expanding fleet, feeding more recyclables to its ten material recovery facilities.
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