Western Peterbilt Sale

Situation

Western Peterbilt, Inc. ("WPI") and Western Truck Parts & Equipment Co. LLC ("WTP") operate franchised Peterbilt Motors heavy duty Class 8 truck dealerships in nearly all counties in the states of Washington, Alaska and portions of Oregon, Idaho, and Northern California. As part of a succession plan, the current owners wanted to diversify their personal wealth and take on a partner who could assist in the leadership of the organization and support its quest for growth and improvement.

ZS Role

Zachary Scott was engaged as exclusive financial advisor to assist in planning and executing a recapitalization transaction to accomplish the owners’ objectives.

Results

Zachary Scott organized a competitive, confidential sales process that attracted bids from both industry participants and selected private equity funds. WPI and WTP were sold to the Greenbriar Equity Group in a recapitalization transaction in which the current owners maintained a significant equity investment and management responsibility in the business.

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