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TS&B starts truck dealership spree

Published Wednesday, November 07, 2001

TS&B Holdings, based in Orlando, FL, is kicking off a long-planned truck dealership acquisition strategy with the purchase of Lucas Truck and Equipment Sales of Medford, OR. Lucas Truck is a privately held retail truck, equipment and parts business with existing Volvo, Mack Truck, Western Star, Transcraft and Hino franchises and had revenues of $9.3 million for its fiscal 2001 year. TS&B bought Lucas Truck for $1.5 million worth of stock. "The Lucas acquisition is the first purchase under our acquisition program," said Charles Giannetto, TS&B’s general counsel. He added that TS&B is currently in acquisition discussions with 10 ...

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