
Transolutions Truck Centres
Commercial truck dealership for sales, service, and parts.
Date | Investors | Amount | Round |
---|---|---|---|
* | N/A | Acquisition | |
Total Funding | 000k |
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Transolutions Truck Centres (TSTC) is a Canadian retailer of medium and heavy-duty commercial trucks and buses, founded in 1991 by Ken Talbot. Headquartered in Winnipeg, Manitoba, the company operates as a dealership group providing sales of new and used vehicles, parts, and comprehensive service solutions. The company's product lines include brands such as Freightliner, Western Star, and Thomas Built Buses. It is also the licensed dealer in Manitoba for SelecTrucks, Daimler Truck's used vehicle brand.
The business model focuses on being a full-service provider for the trucking industry. This includes not only vehicle and parts sales but also extensive service capabilities, with facilities equipped with numerous service bays and trained technicians to minimize vehicle downtime for their clients. The company serves a diverse client base involved in transportation, including feed mills, livestock movers, and building companies. Revenue is generated through the sale of new and used trucks and buses, aftermarket parts, and maintenance and repair services.
In June 2023, Transolutions Truck Centres was acquired by Penske Automotive Group and integrated into its Premier Truck Group subsidiary. At the time of the acquisition, TSTC had five locations in the greater Winnipeg market, comprising three full-service dealerships and two parts and service centers, employing approximately 200 people. The acquisition was expected to add approximately $180 million in annualized revenue to Penske. Rich Shearing serves as the CEO.
Keywords: truck dealership, commercial vehicles, Freightliner dealer, Western Star dealer, Thomas Built Buses, used trucks, truck parts, truck service, heavy-duty trucks, medium-duty trucks, fleet services, commercial truck sales, Daimler, Premier Truck Group, truck repair, vehicle maintenance, Manitoba, Winnipeg, commercial transportation, logistics support, parts distribution, vehicle leasing, transport solutions