Transportation Resource Partners

Transportation Resource Partners (TRP) is a private equity and venture capital firm founded in 1997, with headquarters in Birmingham, Michigan, and an office in New York. The firm focuses on making investments in growth-oriented businesses within the transportation sector, targeting various sub-sectors including automotive dealerships, outsourced services, distribution and logistics, education and training, and energy and environmental solutions. TRP leverages strategic relationships and the transportation expertise of its partners, including Penske Corporation and its affiliates, to identify potential investment opportunities. The firm typically invests between $10 million and $250 million in companies with an enterprise value of at least $25 million, often seeking a presence on the Board of Directors. While TRP generally prefers control investments, it is open to minority stakes and aims to exit its investments through public offerings, private sales, or recapitalizations.

Dave Mitchell

Managing Director

35 past transactions

CarLotz, Inc. operates as a used car and motorcycles retailer. It offers cars, compacts, convertibles, coupes, SUVs, trucks, vans, and wagons. The company’s services include inspection, cleaning, photography, listings on major car buying websites, and management of buyer inquiries and test drives at its retail stores. The company was incorporated in 2011 and is based in Richmond, Virginia with locations in Midlothian and Chesapeake, Virginia; Tampa, Florida; Downers Grove, Illinois; San Antonio, Texas; and Charlotte, Monroe, and Greensboro, North Carolina.
Flex Fleet Rental offers 4×4 light-duty truck rentals to commercial operations and consumers nationwide. We are a team of truck rental professionals who focus on customer relationships and making the truck rental process more efficient. We deliver the right trucks, at the right time, and in the right place. We offer light and heavy duty pick up trucks (including 1/2 ton and 3/4 ton trucks) and flatbed trucks (including 1 ton and 1.5 ton trucks).
Quality Liaison Services of North America, Inc. provides quality control, problem resolution, and other business services. It offers services in the areas of onsite representation, quality inspection, CS1/CS2 sorting/containment, NCP rework/repair, new product launch, re-flash support, field fix engineering, quality trending, and specialty projects. The company serves OEMs and suppliers in the United States, Canada, and Mexico. Quality Liaison Services of North America, Inc. was founded in 2004 and is based in Hendersonville, Tennessee.

Unknown Majority Stake in Endurance Dealer Services, LLC and Endurance Warranty Services

Endurance Dealer Services, LLC and Endurance Warranty Services represents the combined operations of Endurance Dealer Services, LLC and Endurance Warranty Services, LLC in the sale to Transportation Resource Partners, LP. Endurance Dealer Services, LLC and Endurance Warranty Services, LLC provides coverage plans, administrator, and dealer services. Endurance Dealer Services, LLC and Endurance Warranty Services, LLC are based in the United States.
Versant Supply Chain is a leading comprehensive supply chain services provider. Versant focuses on providing innovative solutions that go beyond the conventional approach to offer truly different distribution through a comprehensive and sophisticated analysis tool used to understand every facet of your supply chain.

4Refuel

Venture Round in 2013
4Refuel pioneered the Mobile On-site Refueling (MOR) industry in Canada and has built an unmatched market presence servicing over 900 cities across Canada, delivering over 3.5 million unique fueling transactions annually. They are the largest, most trusted and sophisticated on-site fuel provider in North America, serving over 6,000 clients annually. 4Refuel provides service to a range of large and small clients, ranging in size from one piece of equipment to thousands. 4Refuel is the only on-site fuel provider whose core business is direct-to-equipment on-site refueling. They have the largest presence, giving us the ability to reliably serve customers across the country; from coast to coast, and in both large and small communities.
RideCell, Inc. develops fleet automation and management software solutions. The company’s products include Demand-Response, a software solution that automates requests, dispatch, scheduling, routing, and notification, as well as pairs rider and driver applications with insightful analytics for improving operations; and Fixed Route, which allows riders track their buses and shuttles over the phone, text, Web, or mobile applications, as well as get real time delay alerts, pro-active notifications, and insightful data analytics. It also provides RideCell platform, an online platform that automates managing of ridesharing or car-sharing operation, including onboarding new riders, checking IDs, dynamic pricing, driver-rider matching, ride scheduling, payment processing, demand-supply balancing, personalized settings, and even referral programs and promotions. The company serves public/private transportation, universities and campuses, and maintenance and delivery fleets. RideCell, Inc. was founded in 2009 and is based in San Francisco, California with additional offices in Milpitas, California; Munich, Germany; Madrid, Spain; Bordeaux and Paris, France; Tokyo, Japan; and Pune, India.

Versant Supply Chain

Acquisition in 2006
Versant Supply Chain is a leading comprehensive supply chain services provider. Versant focuses on providing innovative solutions that go beyond the conventional approach to offer truly different distribution through a comprehensive and sophisticated analysis tool used to understand every facet of your supply chain.

Endurance

Acquisition in 2015
Endurance Warranty offers extended auto warranties through auto dealerships as well as direct-to-consumer platforms. The company is also specialized in the administration of vehicle service contracts. Endurance Warranty was founded in May 2006 by Paul Chernawsky and Jordan Batt.

Priority Waste

Venture Round in 2020
Priority Waste is a locally owned and operated waste and recycling service.

QLS

Venture Round in 2016
QLS provides extensive backgrounds in trucking and automotive, Leo and Jeff saw the need to perform proactive quality services for suppliers in OEM plants. With clear benefits for both suppliers and OEMs, QLS has expanded across North America. Today we’re proud to say we’ve helped thousands of quality professionals improve product quality.

Tire Group International

Private Equity Round in 2011
Tire Group International, LLC distributes tires worldwide. The company provides tubes and automotive wheels, and repair products for passenger cars, agricultural and industrial vehicles, light trucks, off the road vehicles, heavy trucks, specialty vehicles, and others. Tire Group International, LLC was founded in 1992 and is based in Miami, Florida with sales offices in Venezuela, Peru, Ecuador, Brazil, the Dominican Republic, and Mexico and logistics and engineering offices in China.
Acamar Partners Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the consumer and retail industries. The company was founded in 2018 and is based in Miami, Florida.

Universal Technical Institute

Venture Round in 2003
Universal Technical Institute teach what industry says matters most. You can complete an entry-level technician program in about a year, add manufacturer training and graduate in as little as 18 months. Our auto, diesel and collision repair training programs are accredited by the National Automotive Technicians Education Foundation (NATEF), a division of the National Institute for Automotive Service Excellence (ASE). Graduates are well prepared to complete ASE examinations and can substitute our training for one of the two years of work experience required to become ASE Certified.

Mastercraft

Acquisition in 2007
MasterCraft Boat, a world-renowned innovator, designer, manufacturer, and marketer of premium performance sport boats. Founded in 1968, MasterCraft has cultivated its iconic brand through a rich history of industry-leading innovation, and more than four decades after the original MasterCraft made its debut the company's goal remains the same - to continue building the world's best ski, wakeboard, wakesurf and luxury performance powerboats.

Smith Systems

Venture Round in 2006
Smith Systems Inc. is a privately owned manufacturer of speed sensors, motion sensors and temperature sensors, as well as sensor controls, custom instrumentation, and cable harnessing associated with these devices. Their capabilities range from commercial standards (found in assembly and process machinery), to the high reliability sensors used in aerospace applications, to durable products for reliable sensor performance in harsh environments. They are a qualified source for flight hardware and have supplied products for civilian, military applications and space flight. These products are designed to survive high vibration and extremes of thermal and mechanical shock.

Flex Fleet Rental

Venture Round in 2019
Flex Fleet Rental offers 4×4 light-duty truck rentals to commercial operations and consumers nationwide. We are a team of truck rental professionals who focus on customer relationships and making the truck rental process more efficient. We deliver the right trucks, at the right time, and in the right place. We offer light and heavy duty pick up trucks (including 1/2 ton and 3/4 ton trucks) and flatbed trucks (including 1 ton and 1.5 ton trucks).

Carlotz

Venture Round in 2017
CarLotz, Inc. operates as a used car and motorcycles retailer. It offers cars, compacts, convertibles, coupes, SUVs, trucks, vans, and wagons. The company’s services include inspection, cleaning, photography, listings on major car buying websites, and management of buyer inquiries and test drives at its retail stores. The company was incorporated in 2011 and is based in Richmond, Virginia with locations in Midlothian and Chesapeake, Virginia; Tampa, Florida; Downers Grove, Illinois; San Antonio, Texas; and Charlotte, Monroe, and Greensboro, North Carolina.

Flex Fleet Rental

Merger/Acquisition in 2019
Flex Fleet Rental offers 4×4 light-duty truck rentals to commercial operations and consumers nationwide. We are a team of truck rental professionals who focus on customer relationships and making the truck rental process more efficient. We deliver the right trucks, at the right time, and in the right place. We offer light and heavy duty pick up trucks (including 1/2 ton and 3/4 ton trucks) and flatbed trucks (including 1 ton and 1.5 ton trucks).

Unknown Majority Stake in Endurance Dealer Services, LLC and Endurance Warranty Services

Merger/Acquisition in 2015
Endurance Dealer Services, LLC and Endurance Warranty Services represents the combined operations of Endurance Dealer Services, LLC and Endurance Warranty Services, LLC in the sale to Transportation Resource Partners, LP. Endurance Dealer Services, LLC and Endurance Warranty Services, LLC provides coverage plans, administrator, and dealer services. Endurance Dealer Services, LLC and Endurance Warranty Services, LLC are based in the United States.

National Powersport Auctions

Acquisition in 2006
National Powersport Auctions is the number one provider of auction and remarketing services in the powersports industry. Created over 25 years ago by founders from the industry, NPA serves lenders and dealers throughout the nation with a complete range of auction-related services. They realize they play an important role in the growth and profitability of all their customers, and they are dedicated to providing them with the tools and first-class service they need to be successful.

Ridecell

Private Placement in 2018
RideCell, Inc. develops fleet automation and management software solutions. The company’s products include Demand-Response, a software solution that automates requests, dispatch, scheduling, routing, and notification, as well as pairs rider and driver applications with insightful analytics for improving operations; and Fixed Route, which allows riders track their buses and shuttles over the phone, text, Web, or mobile applications, as well as get real time delay alerts, pro-active notifications, and insightful data analytics. It also provides RideCell platform, an online platform that automates managing of ridesharing or car-sharing operation, including onboarding new riders, checking IDs, dynamic pricing, driver-rider matching, ride scheduling, payment processing, demand-supply balancing, personalized settings, and even referral programs and promotions. The company serves public/private transportation, universities and campuses, and maintenance and delivery fleets. RideCell, Inc. was founded in 2009 and is based in San Francisco, California with additional offices in Milpitas, California; Munich, Germany; Madrid, Spain; Bordeaux and Paris, France; Tokyo, Japan; and Pune, India.
Endurance Dealer Services, LLC provides vehicle service contract programs and vehicle protection products to auto dealerships and F&I agents. It offers protection programs for automotive, RVs, and motorsports. The company is based in Northbrook, Illinois.

Autocam

Venture Round in 2004
Autocam Corporation, Inc. manufactures precision-machine components for OEMs and Tier 1 automotive suppliers worldwide. It offers precision components for fuel system technologies, including gasoline and diesel injection, high pressure pumps and fuel rail fittings, alternative fuels, cylinder de-activation, and other technologies; steering systems, such as worm-shafts, gear pinions, torsion bars, and input shafts; and electric motors, including worm shafts/armature shafts, worms, gears with or without plastic molding, gear sub-assemblies, and gear-boxes. The company also provides other precision components comprising computer electronics, braking and transmission systems, medical devices, airbags, and oxygen sensors. It offers its products for passenger vehicle, on-road and off-road commercial, recreational, power generation, and marine applications. The company was founded in 1981 and is based in Kentwood, Michigan with locations in the United States, Brazil, France, Germany, Poland, and China. It has manufacturing facilities worldwide. Autocam Corporation, Inc. is a former subsidiary of Titan Holdings Inc.
Endurance Warranty Services, LLC provides direct-to-consumer vehicle service contracts. Additionally, it offers coverage plans and dealer services. Endurance Warranty Services, LLC was founded in 2006 and is based in Northbrook, Illinois.
Commonwealth Laminating & Coating, a division of CPFilms Inc., is a manufacturing company with a strong emphasis on solar control window films and precision, high-performance coatings. Headquartered in Martinsville, Virginia, U.S.A, CLC combines a state-of-the-art manufacturing facility, proprietary and highly technical processes, efficient global distribution capabilities, and a flexible work force to produce a broad range of high quality products.

Penske Automotive Group

Private Equity Round in 1999
Penske Automotive Group, Inc. is an automotive retailer. The Company is engaged in the sale of new and used motor vehicles and related products and services, including vehicle service, collision repair, and placement of finance and lease contracts, third-party insurance products and other aftermarket products. The Company operates dealerships under franchise agreements with a number of automotive manufacturers and distributors. The Company operates in two segments: Retail, consisting of its automotive retail operations and PAG Investments, consisting of its investments in non-automotive retail operations. The Retail reportable segment includes all automotive dealerships and all departments relevant to the operation of the dealerships and the retail automotive joint ventures. In March 2014, the Company acquired BMW of Greenwich located in Greenwich, Connecticut.

DTI

Venture Round in 2021
DTI provides supply chain and program management to automotive OEMs and suppliers for tooling design and manufacturing. The company was founded in 2004 and is headquartered in Livonia, Michigan.

Penske Vehicle Services

Private Equity Round in 2005
Penske Vehicle Services is an automotive company offering vehicle lifecycle management, body paint, and fabrication services. Penske Vehicle Services is a wholly owned subsidiary of Penske Truck Leasing Co., LP., a leading global transportation services provider. Today, Penske Vehicle Services employs more than 700 people and operates from over 50 locations across the United States and Canada. Penske Vehicle Services has numerous locations throughout North America as well as team members embedded in our client operations. This combined with the broader Penske organization footprint offers considerable synergistic opportunities and an unparalleled depth of asset management experience.

Premier Truck Group

Venture Round in 2013
Premier Truck Group, operates as a dealer for new commercial and used trucks. It also offers parts for the new and used trucks; and services and stock parts for Thomas buses, and other makes of medium and heavy duty trucks. In addition, the company provides 24-hour roadside repair, air conditioning, alignments, alternator/starter repairs, diagnostics, DOT inspection, drive shaft, electrical engine repairs, electronic/electrical repairs, engine rebuilds, express lane service, flywheel machining, frame alignment, hydraulics, machine shop, motorhome, oil/lube, paint/body shop, radiator, refrigeration, RV body and chassis, glass repair, suspension/springs, tire repair, towing, trailer repair/services, transmission/differential, and welding; and truck rental and leasing services.
Tire Group International, LLC distributes tires worldwide. The company provides tubes and automotive wheels, and repair products for passenger cars, agricultural and industrial vehicles, light trucks, off the road vehicles, heavy trucks, specialty vehicles, and others. Tire Group International, LLC was founded in 1992 and is based in Miami, Florida with sales offices in Venezuela, Peru, Ecuador, Brazil, the Dominican Republic, and Mexico and logistics and engineering offices in China.

Truck-Lite

Venture Round in 1997
Truck-Lite Co., LLC is headquartered in Falconer, New York, with additional U.S. manufacturing facilities in Wellsboro, Coudersport and McElhattan, Pennsylvania; Saline, Michigan; and Gilbert, Arizona. International facilities are located in Harlow and Birmingham England; Puebla, Mexico; and Eisenach, Germany. Truck-Lite is a major producer of safety lighting, forward lighting, wiring harnesses, mirrors, turn signal switches, and safety accessories to the heavy-duty truck, trailer and commercial vehicle industries.

HomeDirectUSA

Acquisition in 2005
HomeDirectUSA is more than just a shipping company. It's a group of distribution strategists — people who can show you how streamlining your supply chain can benefit your entire company. Unlike our competitors, we've figured out how to bring together the benefits of high-touch service and high-tech intelligence. The result is a company you can count on to handle your entire distribution process with care.

United Road Services

Venture Round in 2012
United Road is the premier auto transport company in North America. Each year, coast to coast and across the borders, United Road manages the transport of nearly 2 million cars. Their satisfied clients include all major global vehicle manufacturers, re-marketers, financial institutions, car auctions, car dealers, retail single units and personally owned vehicles. Across the city or across the country, United Road IS Driven to Deliver.

Terion

Venture Round in 1998
Terion was one of the first companies to market with a solution developed from the ground up for the un-tethered trailer tracking market. Equipment Services and Terion combined operate more than 100,000 tracking and monitoring units on over-the-road trailers in the U.S. and Europe.