VELOCITY TRUCK CENTERS COMPLETES ACQUISITION OF TRIAD FREIGHTLINER GROUP OF COMPANIES, CAROLINA FREIGHTLINER AND H&H FREIGHTLINER

Velocity Truck Centers (VTC) is pleased to announce that the company has expanded further into the Southeast with the acquisition of the Triad Freightliner, Triad Freightliner of Kingsport, West Carolina Freightliner, Carolina Freightliner and H&H Freightliner (Triad/H&H). These acquisitions extend VTC’s reach into North Carolina from California, Arizona, Hawaii, Nevada, central Tennessee, northern Alabama and southern Kentucky. Triad/H&H’s locations sell and service the Freightliner and Western Star brands from 9 locations in northeastern Tennessee and North Carolina.

VTC now consists of 53 locations across the US, including 11 body shops, and offering coast-to-coast coverage of commercial vehicle sales, service, parts, collision and fabrication services as well as equipment financing. VTC will bring its unparalleled customer focus, including two-hour Express Assessment, Elite Support Certification and equipment financing through its Crossroads Equipment Lease and Finance division, to Triad/H&H’s markets in North Carolina and Tennessee.

From Brad Fauvre and Conan Barker, Co-Presidents of VTC, “We are very pleased to increase our reach in the Southeast to be able to take care of our customers through North Carolina and Eastern Tennessee, a natural extension to our existing mid-south locations in Tennessee, Alabama and Kentucky. We want to thank Larry Tysinger for working with us to complete this transaction. Larry was one of the founding Freightliner dealers in 1978 and it has been an honor to work with him and take-up his mantle of leadership in the South. We have enjoyed getting to know his organization’s over 400 employees as we welcome them into the VTC family, as we likewise welcome his customers with whom we look forward to carrying on his tradition of dedicated customer service.”

Larry Tysinger added, “I have enjoyed working with Brad and Conan who executed the deal quickly and exactly as we had agreed. I know that my customers and employees are in good hands, and I wouldn’t feel comfortable unless I truly believed VTC would continue our legacy of absolute commitment to our employees and customers.”

Velocity Truck Centers, a part of the Velocity Vehicle Group (VVG), operates 53 commercial vehicle dealership locations in the US across California, Arizona, Nevada, Tennessee, Kentucky, North Carolina, Alabama and Hawaii. VVG also operates 15 Daimler dealerships across Australia, as well as 4 locations in Baja Mexico. VTC provides new & used commercial vehicle sales, including the full spectrum from pickup trucks to delivery vans to 18-wheelers and school buses, as well as aftermarket parts and service support, along with a multitude of other vehicle-related services. VTC is an authorized dealer for the Freightliner, Western Star, Autocar, Ford, Fuso, Thomas Built Buses, Sprinter, Isuzu, Hino Trucks, SportTruck, Renegade RV, Rosenbauer fire, Crane Carrier, Great Dane and Freightliner Custom Chassis vehicle brands. VVG also offers equipment financing through its Crossroads Equipment Lease and Finance subsidiary, as well as small business and SBA loans through Velocity SBA and truck rental and leasing through Velocity Truck Rental and Leasing.