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S&S Truck Parts LLC Announces Merger with Midwest Truck & Auto Parts Inc., Creating the Best Aftermarket Parts Distributor

S&S Truck Parts LLC Announces Merger with Midwest Truck & Auto Parts Inc., Creating the Best Aftermarket Parts Distributor

SCHAUMBURG, Illinois & MERRILLVILLE, Ind.–(BUSINESS WIRE)–S&S Truck Parts LLC (“S&S”) and Midwest Truck & Auto Parts Inc. (“Midwest”) announced today that they have completed a merger of the two companies, creating a powerful alliance between the two best-in-class independent Truck Parts Distributors. The combination nearly doubles their joint business, creating a more diversified and scaled platform in the truck aftermarket with the ability to purchase and offer customers a wider selection of high-quality products.

This transaction unites two world-class aftermarket organizations based in the Midwestern United States with more than 70 years of service to their communities and a shared commitment to quality, service and value. With increased scale and geographic footprint, the combined company will help its customers navigate a complex and challenged global supply chain, increase available inventory and enable faster product delivery. In March 2022, S&S Truck Parts was purchased by Investcorp, a leading global alternative investment company.

In the combined organization, DJ Hoffman will serve as Chief Executive Officer. In the short term, the company expects operations to continue as currently structured.

“We are thrilled to bring together the S&S Truck and Midwest teams, two companies with similar values ​​and a commitment to superior customer service,” said DJ Hoffman, CEO of S&S Truck. “Our combination expands the breadth of our offerings to our customers, amplifies the depth of our workforce and trade partnerships, and ultimately accelerates our ability to grow and deliver a deeper, more modern, and more effective customer experience. We look forward to working closely with the Midwest team and becoming an even stronger company together as we continue to serve our customers.”

“We are delighted to find a high-quality partner in S&S Truck and look forward to combining our capabilities, infrastructure and human capital to drive new growth in the company,” said Mark Chudacoff, CEO of Midwest. “I have long been an advocate for the promise of innovation and partnership, such as what propelled this merger forward. Our combination will deliver clear benefits to both the customers and employees of both companies, and our commitment to supporting and improving the communities in which we operate will remain steadfast.”

Founded in Chicago in 1952, S&S is one of the largest suppliers of truck replacement parts for medium and heavy duty trucks. S&S Truck has been family-owned since its inception and now serves more than 1,600 customers with a reach in 67 countries, including OEMs, dealers, warehouse distributors and service stores. Since 1946, Midwest Truck & Auto Parts has been committed to manufacturing and distributing high-quality aftermarket powertrain products for heavy, medium and light vehicles, including components for high-performance racing applications. Midwest’s global customers range from major retailers to warehouse distributors.

About S&S Truck Parts

S&S Truck Parts, LLC., is a leading distributor of private label and branded aftermarket truck parts. Under its own brand “NewStar”, S&S offers a wide range of products for heavy and medium trucks.

About Midwest Truck & Auto Parts

Midwest, and their own brands, Motive Gear, Richmond Gear, TEN Factory, Powertrax and World American, is a leading supplier of aftermarket powertrains and related products to the heavy truck, light truck and performance racing markets.

About Investcorp

Investcorp is a global investment manager specializing in alternative investments in private equity, real estate, credit, absolute return strategies, GP stakes, infrastructure and insurance asset management. Since our founding in 1982, we have focused on generating attractive returns for our clients while creating long-term value in the companies we invest in and for our shareholders as a prudent and responsible investor.

Investcorp today has 13 offices in the US, Europe, GCC and Asia, including India, China and Singapore. As of June 30, 2022, Investcorp Group had a total of US$42.7 billion in assets under management, including assets managed by external managers, and had approximately 480 people of 50 nationalities worldwide in its offices.

For more information, visit www.investcorp.com and follow us @Investcorp on LinkedIn, Twitter and Instagram.