Fleetsource, LLC

Fleetsource is a leading regional provider of aftermarket parts and services to medium-duty and heavy-duty truck and diesel-powered equipment fleets, and also operates one of the nation’s largest fleets of “yard trucks” for rent, sale and lease.  The NJ based Company operates six strategically located facilities in NY, NJ and PA serving a customer base comprised of more than 3,000 truck and equipment fleets.  Silvergrove’s CEO represented the third-generation family owned company in a process to identify a private equity partner with the capital to accelerate the Company’s organic growth and acquisition strategy in a consolidating industry.  The highly competitive auction process resulted in multiple offers from private equity groups.  The transaction was completed with Eureka Growth Partners, a leading middle market private equity firm based in Philadelphia, PA.  The successful transaction provided liquidity to shareholders as well as capital to execute the Company’s organic growth and acquisition strategies.

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