FleetPride Acquired by Private Equity Firm

Private equity firm American Securities has partnered with management and acquired independent aftermarket parts distributor FleetPride from TPG Capital.

Based in Irving, Texas, FleetPride has a national network of over 270 branch locations carrying thousands of parts from across 490 brands, including its own private label offering.

FleetPride CEO Al Dragone said his company invested in building its leadership team over the past few years and expects the resources and investment expertise from American Securities to help the company accelerate its business plan and growth.

"We are pleased to partner with Al and the rest of the FleetPride management team as they continue to execute on a strategy to drive above-market organic growth and further consolidate the industry," said Will Manuel, a managing director of American Securities.