BIRMINGHAM, AL. (October 10, 2023) – Founders is pleased to announce that certain principals of Founders Advisors advised Raney’s Truck Center (“Raney’s”) in its acquisition by FleetPride (“FleetPride”).

Since 1957, Raney’s Truck Center has been a leader in the heavy duty truck parts and truck repair industry. The company specializes in offering the latest technologies and value-added services to decrease operating costs, minimize downtime, and streamline customer service, all aimed at facilitating customers’ business efforts through creative business-to-business solutions.

FleetPride is the nation’s largest distributor of aftermarket heavy duty parts and service. The company has a sophisticated network of 300+ locations, which includes 90+ service centers and 5 distribution centers, and a team of over 4,000 professionals.

Vaughn McCrary, Director at Founders covering the specialty distribution sector, commented, “Mark, Pat, and the Raney’s team were a pleasure to work with. They have built an excellent business by focusing on the customer and taking the long-term view. This became very apparent as we had the opportunity to assist them in a transaction.”

Mark Raney, owner of Raney’s Truck Center stated, “Founders assisted my family with our first transaction a couple of years ago and there is a reason we wanted to utilize their advice again. We are extremely appreciative of Founders and all who have supported Raney’s over the years.”

About Raney’s

Raney’s has been a leader in the heavy duty truck parts and truck repair industry since 1957. Raney’s is known for consistently placing customers’ interests first, building upon a tradition of “mutual success – one relationship at a time.” The company specializes in offering the latest technologies and value-added services to decrease operating costs, minimize downtime, and streamline customer service, all aimed at facilitating customers’ business efforts through creative business-to-business solutions.

About FleetPride

Headquartered in Irving, TX, FleetPride is the nation’s largest distributor of aftermarket heavy duty parts and service. FleetPride’s sophisticated network of 300+ locations, which includes 90+ service centers and 5 distribution centers means customers get the parts and services they need, when and where they need them. Customers can click, talk, chat or visit with FleetPride’s team of 4,000 experts empowered and motivated to solve problems and create tailored solutions for each customer’s unique needs.

About Founders Advisors

Founders’ Industrials Group supports their clients through deep sector expertise in Specialty Distribution. Our team captures perspectives on relevant industry trends, unique competitive landscape shifts and key positioning insights to relevant investors.

Should you be exploring opportunities in the Specialty Distribution sector or considering alternatives, please feel free to reach out to our team.