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.

Dave Mitchell

Managing Director

22 past transactions

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 waste and recycling service.

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. is a retailer specializing in used cars and motorcycles, offering a diverse range of vehicles including sedans, SUVs, trucks, and more. Based in Richmond, Virginia, with additional locations across several states, CarLotz facilitates a physical marketplace where buyers and sellers can transact used vehicles safely and efficiently. The company provides a suite of services that includes vehicle inspection, cleaning, professional photography, and listings on major car buying websites. Additionally, CarLotz manages buyer inquiries and organizes test drives at its retail locations. Beyond facilitating transactions, the company also offers financing, warranties, and other after-market services to enhance the buying and selling experience. Established in 2011, CarLotz aims to simplify the used car market while ensuring a convenient and enjoyable experience for its customers.

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 across Canada and the United States, catering to various industries including transportation, construction, power generation, rail, marine, mining, and oil and gas. Founded in 1984 and based in Oakville, Canada, the company pioneered the Mobile On-site Refueling (MOR) sector and has developed a significant market presence, serving over 6,000 clients and completing more than 3.5 million fueling transactions annually. Its offerings include mobile on-site refueling, bulk diesel fuel delivery, mobile diesel exhaust fluid refueling, and generator refueling services. Additionally, 4Refuel provides an online fuel management portal to track and report fuel consumption. With operations extending across over 900 cities, the company is recognized as a reliable and sophisticated fuel provider, capable of servicing a diverse range of clients from small businesses to large enterprises. 4Refuel operates as a subsidiary of Finning International Inc.

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, 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.

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.

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, 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.

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 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.

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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