FleetPride Acquires Drake Supply Company

Dec 17, 2012, 16:47 ET from FleetPride, Inc.

THE WOODLANDS, Texas, Dec. 17, 2012 /PRNewswire/ -- FleetPride, Inc., the nation's largest retailer of heavy-duty truck and trailer parts, announced today that it has acquired the assets of Drake Supply Company. Drake services Southern California with six locations which bring the total number of FleetPride locations to 28 in the state. Employment offers have been extended to all employees at the City of Industry, Commerce, Fontana, Long Beach, Ontario and Perris branches.

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Drake Supply Company was founded in 1948 in San Leandro, California as the Glen C Drake Company. In 1990 Tye Plowman purchased the Drake Company, which is now known as Drake Supply Company. Plowman will stay on with FleetPride in a management role. "Tye grew Drake Supply from one to six locations – his entire heavy-duty career has been in this market. He has built an organization that is focused on customer service in a market with some very unique logistics issues," explained Lee Stockseth, President and COO.

Stockseth continued, "This acquisition expands FleetPride's reach into key markets of Southern California including rail yards, Port of Los Angeles, and the Inland Empire. We expect to continue to improve our customer service through the integration of Drake's talented organization, branch locations, and product focus."

"This is an extremely large and dense market for the heavy-duty trucking industry. Expertise and customer service are key to success here. We will succeed because our employees offer a combination of skills and work ethic unmatched anywhere else in the industry," said W.M. McGee, Chairman and CEO.

About FleetPride, Inc.

FleetPride, Inc. (www.fleetpride.com) — America's premier nationwide supplier of heavy-duty truck and trailer parts — operates over 250 locations in 45 states and carries a full line of nationally-recognized, brand-name parts, as well as an assortment of exclusive-brand parts. In addition, FleetPride offers in-house remanufactured products such as brake shoes and driveline components. Truck and trailer repair services are also offered at a number of locations.

About FleetCare by FleetPride

FleetCare (www.fleetcare.info) — FleetPride is proud to offer an exclusive partnership for qualified businesses through its FleetCare Truck Service Center program. In addition to FleetPride's 35 company-owned locations, the FleetCare network, with over 200 affiliate members, specializes in heavy-duty truck and trailer repair and maintenance, servicing all makes and models. FleetCare employs highly-trained technicians, provides brand-name parts, offers a nationwide parts warranty program and roadside assistance.

SOURCE FleetPride, Inc.