Fleet BrakeFleet Brake Parts and Service, Inc.
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Fleet BrakeFleet Brake Parts and Service, Inc. - overview
Established
1914
Location
Calgary, AB, Canada
Primary Industry
Automobiles, Other Vehicles & Parts
About
Fleet Brake Parts and Service, Inc. is a Canadian company specializing in high-quality parts and repair services for heavy-duty industries, including logging, mining, agriculture, and oilfield sectors, ensuring optimal operational efficiency for its clients. Fleet Brake Parts and Service, Inc. provides essential parts and repair services to heavy-duty industries.
Founded in 1914, the company is headquartered in Calgary, Canada. It has undergone a strategic transition through its acquisition by Parts for Trucks, Inc. on February 1, 2023, although financial terms were not disclosed. The CEO is Geoffery Bourdeau, leading the company in its current operations.
Fleet Brake is a prominent provider of high-quality, genuine parts and reliable repair services tailored for the industrial, heavy-duty, logging, mining, agricultural, and oilfield sectors across Canada. The company specializes in offering a wide array of replacement parts compatible with various models and makes, ensuring that clients receive the right components necessary for their operations. Fleet Brake’s services extend beyond parts sales, as they employ skilled technicians who utilize advanced tools and techniques to diagnose and repair equipment, thereby minimizing downtime for their customers. The end users of Fleet Brake's products and services include businesses operating within heavy-duty industries, such as transportation fleets, mining companies, and agricultural firms, all of which rely on the company's expertise for maintaining operational efficiency.
Fleet Brake's extensive service network and distribution capabilities allow it to serve clients not only in Canada but also in select international markets where heavy-duty equipment is critical. Fleet Brake's revenue is generated primarily through the sale of heavy-duty parts and the provision of repair services. The company operates a business-to-business model, facilitating transactions directly with clients in heavy-duty industries. Customers typically purchase parts through a straightforward transaction process, which may involve bulk order agreements or one-time purchases, depending on their specific needs.
Additionally, Fleet Brake offers professional repair services, which are billed based on the scope of repairs needed, thus ensuring a flexible pricing structure that caters to various client budgets. The company’s commitment to delivering quality service and genuine parts positions it favorably in the market, enabling it to maintain strong relationships with its clientele. While specific pricing details are not disclosed, the reputation for competitive pricing and reliability plays a significant role in driving customer loyalty and repeat business within its established markets. In February 2023, Fleet Brake Parts and Service, Inc.
was acquired by Parts for Trucks, Inc. , a portfolio company of SeaFort Capital, which aims to expand product and service offerings globally. This strategic move will bolster Fleet Brake's growth by enhancing its capacity to serve new markets. The recent acquisition will facilitate the introduction of new product lines and improve service delivery, aligning with Parts for Trucks' broader objectives for expansion.
Current Investors
FleetPride, Inc.
Primary Industry
Automobiles, Other Vehicles & Parts
Sub Industries
Automobile Repair, Automobiles, Other Vehicles & Parts
Website
www.fleetbrake.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Fleet BrakeFleet Brake Parts and Service, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | Fleet BrakeFleet Brake Parts and Service, Inc. | - | ||||||||
| Add-on | Completed | Fleet BrakeFleet Brake Parts and Service, Inc. | - |
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