GVW Acquires a Portion of the Aftermarket Service Business From TransCom
Grand Vehicle Works Holdings, LLC (GVW) has acquired a portion of the parts distribution business from Transportation Components Inc. (TransCom).
The new company formed as a result of this transaction is named Up Time Parts, LLC, reflecting the company’s mission to provide responsive service that will maximize the road time of the fleet customer.
GVW completed the purchase agreement for this segment of TransCom’s business Friday, Nov. 9. It acquired call center operations in Ft. Worth, TX, and Fremont, CA, as well as warehouse operations in Reno, NV, and Memphis, TN. Up Time Parts, which is in full operations, expects to move the Memphis warehouse operations to the Chicago area in the next 60 days. This location will also serve as its corporate headquarters.
Other GVW subsidiaries include Union City Body Co. (UBC) and Workhorse Custom Chassis. UBC supplies walk-in bodies, and Workhorse manufactures walk-in truck chassis and motor home chassis and supplies integrated walk-in trucks. The part of TransCom’s business purchased by GVW to form Up Time Parts sells parts for walk-in trucks directly to national fleets such as UPS, Frito-Lay, FedEx, and U-haul.