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Platinum Equity adds TruckPro to portfolio

An affiliate of Platinum Equity LLC has bought TruckPro LLC from middle-market private equity firm Harvest Partners LP.

Financial terms of the deal were not disclosed.

TruckPro is a Memphis, Tenn.-headquartered provider of heavy-duty truck and trailer products and advanced repair services.

Platinum Equity said that it plans to grow the business organically and through potential acquisitions with a focus on entering new markets and adding new products and services.

Latham & Watkins was legal adviser to Platinum Equity. Robert W. Baird & Co. and Houlihan Lokey were financial advisers to TruckPro, while White & Case LLP was its legal adviser.