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.