Transportation Resource Partners

Transportation Resource Partners, LP is a private equity and venture capital firm founded in 1997, with headquarters in Birmingham, Michigan, and an additional office in New York. The firm specializes in investing in growth-oriented companies within the transportation sector, targeting various subsectors such as dealerships and services, outsourced services, distribution and logistics, education and training, and energy and environmental solutions. Its investment strategy typically involves committing between $10 million and $250 million to portfolio companies with a minimum enterprise value of $25 million. Transportation Resource Partners aims to secure a position on the Board of Directors of its investee companies and prefers to take control but is open to minority stakes. The firm seeks to exit its investments through public offerings, private sales, or recapitalizations, leveraging strategic relationships and the transportation expertise of its partners, including affiliations with Penske Corporation.

23 past transactions

Lifted Trucks

Private Equity Round in 2021
Lifted Trucks is a leading dealership specializing in custom trucks, primarily serving the Southwest region. The company offers a range of vehicles, including four-wheel drive and low mileage SUVs, as well as custom-built trucks tailored to customer preferences. In addition to vehicle sales, Lifted Trucks provides various road parts and accessories, along with diagnostic services, ensuring a comprehensive solution for truck enthusiasts. The dealership is recognized for its commitment to customer service and aims to facilitate a straightforward and enjoyable buying experience.

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.

Priority Waste

Venture Round in 2020
Priority Waste is a locally owned and operated company that provides full-service waste and recycling solutions. Catering to residential, commercial, and demolition clients, the company operates in areas such as Dearborn Heights and Flint. Priority Waste offers a range of services, including construction waste management, as well as permanent container and compactor rentals. Their approach focuses on delivering comprehensive waste and recycling programs that are tailored to meet the specific needs of each customer.

Flex Fleet Rental

Venture Round in 2019
Flex Fleet Rental LLC, founded in 2012 and based in Salt Lake City, Utah, specializes in the leasing and rental of light and medium-duty trucks for commercial customers across the United States. The company offers a diverse fleet, including 4×4 light-duty trucks, heavy-duty pickups, flatbed trucks, and vans, available on a month-to-month basis. Flex Fleet Rental is dedicated to enhancing the truck rental experience by ensuring timely delivery of the right vehicles to meet the specific needs of its clients. By focusing on customer relationships and operational efficiency, the company enables businesses to effectively manage their project demands, including reliable job site delivery and pickup services.

CarLotz

Venture Round in 2017
CarLotz, Inc. is a retailer specializing in used cars and motorcycles, offering a diverse range of vehicles, including sedans, SUVs, trucks, and vans. Founded in 2011 and headquartered in Richmond, Virginia, the company operates multiple locations across several states, including Virginia, Florida, Illinois, Texas, and North Carolina. CarLotz provides a physical marketplace that facilitates safe and efficient transactions between private buyers and sellers, minimizing the typical complications associated with used car sales. The company’s services encompass vehicle inspection, cleaning, photography, and listings on major automotive websites, along with managing buyer inquiries and facilitating test drives. Additionally, CarLotz offers financing, warranties, and after-market services, enhancing the buying and selling experience. Through its technology-enabled model, CarLotz aims to streamline the process of buying and selling used vehicles, providing a convenient and enjoyable experience for all parties involved.

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.

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.

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.

4Refuel

Venture Round in 2013
4Refuel Canada LP specializes in mobile refueling services and operates across Canada and the United States. Founded in 1984 and based in Oakville, Canada, the company has established itself as a leader in the Mobile On-site Refueling (MOR) industry, conducting over 3.5 million fueling transactions annually and serving more than 6,000 clients in various sectors, including transportation, construction, marine, mining, rail, and oil and gas. 4Refuel offers a range of services, including mobile on-site refueling, bulk diesel fuel delivery, mobile diesel exhaust fluid refueling, and generator refueling. Additionally, the company provides an online fuel management portal to help clients track and manage their fuel consumption, ultimately reducing downtime and expenses associated with fuel delivery. With a significant presence across over 900 cities, 4Refuel is recognized for its reliability and efficiency in meeting the diverse needs of both large and small customers.

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.

Tire Group International

Private Equity Round in 2011
Tire Group International, LLC is a prominent distributor of tires and related products, operating on a global scale. Founded in 1992 and headquartered in Miami, Florida, the company offers a diverse range of items including tires, tubes, automotive wheels, and repair products. Tire Group International serves various segments of the tire industry, such as passenger cars, light and heavy trucks, agricultural and industrial vehicles, and specialty vehicles. With a portfolio that includes over 40 different tire brands, the company caters to wholesalers, retailers, dealerships, and mechanics. Tire Group International also maintains sales offices in several Latin American countries and has logistics and engineering operations in China, enhancing its distribution capabilities worldwide.
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.

Mastercraft

Acquisition in 2007
MasterCraft Boat is a prominent designer, manufacturer, and marketer of premium performance sport boats, established in 1968. The company has built a strong reputation for innovation, focusing on creating high-quality ski, wakeboard, wakesurf, and luxury powerboats. MasterCraft operates in three brand-specific segments: the MasterCraft segment, which primarily offers inboard boats for water sports; the NauticStar segment, focusing on outboard boats for fishing and recreational use; and the Crest segment, which provides boats for general recreational boating. While MasterCraft has a global presence, the majority of its sales are concentrated in North America, reflecting its strong foothold in the market for performance sport boats.

National Powersport Auctions

Acquisition in 2006
National Powersport Auctions is a leading provider of auction and remarketing services in the powersports industry, established over 25 years ago by industry founders. The company specializes in auctioning golf cars, recreational vehicles, and motorcycles, including repossessed, salvaged, and consignment units. National Powersport Auctions caters to financial institutions, original equipment manufacturers, and dealers across the nation, helping them achieve liquidity and meet consumer demand. By offering a comprehensive range of auction-related services, the company plays a significant role in the growth and profitability of its customers, ensuring they have the necessary tools and support for success.

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.

Versant Supply Chain

Acquisition in 2006
Versant Supply Chain, Inc. is a comprehensive supply chain services provider based in Cordova, Tennessee, with multiple staffing offices in the surrounding region. The company specializes in data-driven decision-making and offers a wide range of services including inbound and outbound freight management, as well as freight transportation options such as air, ocean, truckload, and intermodal services. Versant also provides insourced distribution logistics, encompassing forward and reverse logistics, inventory management, and employee management solutions. Additionally, it offers outsourced distribution and warehousing services, which include packaging, quality inspections, e-commerce fulfillment, and shipping. The company further supports its clients through staffing services, covering temporary and permanent placements. Founded in 1999 and formerly known as KATT Worldwide Logistics, Versant Supply Chain aims to deliver innovative, tailored solutions that enhance the efficiency of its clients' supply chains.

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.

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.

Autocam

Venture Round in 2004
Autocam Corporation, based in Kentwood, Michigan, specializes in the design and manufacture of precision-machined components primarily for the automotive and medical device industries. Established in 1981, the company produces a wide range of components for various applications, including fuel system technologies, steering systems, and electric motors. Its automotive products encompass parts related to gasoline and diesel injection, braking systems, and airbags, as well as components for commercial vehicles and recreational applications. Additionally, Autocam provides specialty metal alloy components for medical devices, including ophthalmic surgical instruments and orthopedic implants. The company operates manufacturing facilities in several countries, including the United States, Brazil, France, Germany, Poland, and China, serving original equipment manufacturers and Tier 1 suppliers globally.

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.

Penske Automotive Group

Private Equity Round in 1999
Penske Automotive Group, Inc. is a diversified transportation services company primarily engaged in the retail of new and used motor vehicles. It operates through four segments: Retail Automotive, Retail Commercial Truck, Other, and Non-Automotive Investments. The company manages 317 retail automotive franchises, with a significant presence both in the United States and internationally, including 145 franchises in the U.S. and 172 abroad. Additionally, it runs 16 used vehicle supercenters and 25 commercial truck dealerships across various states and Canada. Penske Automotive Group offers a comprehensive range of services including vehicle sales, collision repair, finance and lease contract placements, and aftermarket products. It specializes in heavy and medium-duty trucks through its Premier Truck Group, which primarily sells Freightliner and Western Star brands. The company also imports and distributes various commercial vehicles and associated parts. Headquartered in Bloomfield Hills, Michigan, Penske Automotive Group was established in 1990.

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.

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.
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