November 2025 roundup of TPS mergers and acquisitions in Trucks, Parts, Service industry

In the month of November, a wave of activity swept through the dealer community, with several significant transactions taking place as the year drew to a close. While none of the November deals matched the magnitude of the merger that occurred in October, the pace of transactions noticeably quickened after a relatively slow summer.

The month began with the launch of True North Fleet Services by Garnett Station Partners, a prominent investment firm based in New York. True North Fleet Services was established as a national platform comprising premier fleet maintenance and repair providers. According to Rafi Haramati, managing director at Garnett Station Partners, the launch aimed to capitalize on the vast opportunities within the fleet services industry, which plays a crucial role in maintaining America’s roadway infrastructure.

Soon after, Douglas Dynamics made a strategic move by acquiring Venco Venturo Industries, a leading provider of truck-mounted service cranes and dump hoists. Mark Van Genderen, president and CEO of Douglas Dynamics, emphasized the significance of this acquisition in advancing the company’s strategic objectives. By combining Venco Venturo’s reputation for quality and reliability with Douglas Dynamics’ attachment expertise, Van Genderen highlighted the potential for substantial growth and profitability in the coming years.

The dealer community also made its mark in November, with Coast Counties Peterbilt completing the acquisition of Golden State Peterbilt’s business assets on November 4. Craig Archer, president of Coast Counties, expressed enthusiasm for welcoming the Golden State Peterbilt team and their customers into the Coast Counties organization. He emphasized the commitment to upholding Coast Counties’ standards of quality, consistency, and customer care in new markets, with a focus on providing a seamless experience and bolstering customer confidence through expanded support and stability.

Overall, November was a month marked by increased activity and strategic moves within the dealer and investment communities. These transactions reflect a proactive approach by industry players to position themselves for growth and success in the evolving landscape of the trucking and transportation sector. As the year draws to a close, the momentum seen in November sets the stage for further developments and opportunities in the months ahead.