WASHINGTON, March 29, 2024 /PRNewswire/ -- Sope Creek
Capital, a transportation and logistics focused family office,
announced the recapitalization of Commercial Truck and Trailer
Parts and M&R Manufacturing and Supply (the "Company"), a
national distributor of aftermarket parts for the U.S. heavy-duty
truck industry and manufacturer of intermodal chassis.
Based outside of Dallas, Texas,
the Company and its team has been servicing regional and national
fleet, repair center, manufacturing and distribution customers for
over 20 years, offering a broad selection of OEM and aftermarket
truck & trailer parts across 350+ brands, including its own
private label offering.
Jason Reeher, President of the
Company, commented, "Over the past four years we have experienced
tremendous growth by developing our sourcing capabilities and
product offering while operating with a relentless focus on
customer satisfaction through exceptional service. We are excited
to partner with Sope Creek and believe that its internal
capabilities and experience in scaling nationwide enterprises will
help accelerate our growth trajectory in a meaningful way and
expand our offerings for our current and future customers."
"CTTP represents a strong fit with Sope Creek's focus on
transportation and logistics, we believe that our experience and
network within the space coupled with the Company's commitment to
customer service lays the groundwork for a fruitful partnership,"
said Joe Petosa, Partner at Sope
Creek Capital. "We couldn't be more excited to partner with Jason
and his team as we embark on this journey with CTTP – by embracing
digital transformation while maintaining the exceptional service
quality that CTTP customers have come to expect, we will build a
leading player in the commercial truck parts distribution
space."
Kevin Nolan, Founder of Sope
Creek Capital, commented, "I've always prided myself on being able
to identify hardworking and dedicated entrepreneurs with the desire
to succeed – and Jason Reeher is a
prime example of that. I believe that in partnership with Jason and
his team we can, together, build another market leading service
provider within the broader transportation and logistics space to
join Nolan Transportation Group, OTR Solutions, and Marquee
Insurance Group, amongst others. The future is bright for
Commercial Truck and Trailer Parts."
Financing for the transaction was provided by Plexus Capital and
Georgia Banking Company.
About Commercial Truck and Trailer Parts
Originally
formed in 2003 and reincorporated in 2019, the Company has a long
track record of distributing truck and trailer parts in the
independent heavy-duty aftermarket channel. CTTP carries over 350+
nationally recognized brands and serves a diverse customer base
across multiple industries including intermodal, freight and
shipping, distribution, leasing services, repair services, and OEM
manufacturers. www.cttpinc.com
About Sope Creek Capital
Sope Creek Capital is an
Atlanta-based family office,
founded by logistics veteran Kevin
Nolan, focused on providing buyout, growth and venture
capital to industry-leading companies and entrepreneurs within the
transportation and logistics space. Sope Creek Capital has a
proven, industry-focused model designed to build distinctive
companies within the transportation and logistics ecosystem.
www.sopecreekcap.com
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SOURCE Sope Creek Capital