The family that owns the seven-state Sapp Bros. truckstop chain is involved in a family dispute over stock ownership.
According to the Omaha World-Herald, Lenora Sapp, the widow of one of the four brothers, does not believe she should be bound by agreements to return millions of dollars in stock to the surviving brothers' company.
However, Sapp Bros. CEO Bill Sapp said agreements signed by stock owners dictate that anyone leaving the privately held company - whether from retirement, termination or death - sell the stock back to the company.
The value of the stock is in dispute, with Lenora Sapp saying it was valued at about $13 million in 1995, when Ray Sapp died. Bill Sapp says the true value was about $3.5 million. Ray had the second-highest number of shares when he died, at 13%. Bill says if they paid Lenora the $13 million she claims the stock is worth, it could destroy the company.
Lenora Sapp sued the company in December, four years after her husband's death, over control of her husband's shares. Her attorney says the widow should be allowed to keep the shares or transfer them to whoever he wants.
Bill Sapp says Ray and Lenora signed an agreement that the shares would go back to the company with the purpose of keeping control of the company in the hands of those who are actually running it.
But court filings say that the brothers don't religiously follow those agreements themselves. In three cases, attorneys say, Sapp Bros. allowed shares to be transferred rather than sold back to the company. However, those other transfers involved small numbers of shares and had little impact on the company.
Lenora's son Jim, who works in the Sapp Bros. empire, is supporting his mother in the dispute against his uncles.
Family Feud At Sapp Bros.
The family that owns the seven-state Sapp Bros. truckstop chain is involved in a family dispute over stock ownership
More Aftermarket

Phillips Opens High-Tech Distribution Center for Faster Parts Delivery
Phillips Industries’ new Cincinnati-area distribution center is now shipping aftermarket trucking parts nationwide, aiming to speed up delivery times for customers.
Read More →
Volvo to Sponsor America’s Road Team for 2025
Volvo Trucks announced that it is extending its exclusive sponsorship of America’s Road Team for 2025.
Read More →
Webb to Start Taking Orders for UltraSet Pre-Adjusted Wheel Hubs
Webb, which recently acquired the Stemco Trifecta pre-adjusted hub program, will soon start taking orders for its replacement pre-assembled hub, the UltraSet.
Read More →
All-Makes Automatic Brake Adjusters, Ride Height Control Valves from Midland
SAF-Holland has added automatic brake adjusters and ride height control valves to its Midland All-Makes Program.
Read More →
ZF Aftermarket Expands [pro]Academy Training
ZF Aftermarket said it is expanding its ZF [pro]Academy training and will be adding 40 new modules this year.
Read More →
Eaton Adds Remanufactured Advantage Line of Clutches
Eaton has added its Advantage clutches to its remanufactured product line. The clutches feature a unique strap drive intermediate plate designed to allow customers to choose the latest OE specification
Read More →
ConMet Acquires TruckLabs, the Creator of TruckWings
Commercial truck and trailer parts provider ConMet acquired TruckLabs, the company that created TruckWings, an aerodynamic device that attaches to truck cabs and deploys to close the gap between truck and trailer. TruckLabs now operates as a subsidiary of ConMet.
Read More →
Diesel Laptops Releases Fault-Code-to-Part-Number Tool
Diesel Laptops said its Truck Fault Codes allows users to input a fault code and immediately identify and order the parts needed to complete repair work.
Read More →
Heavy Duty Parts and Labor Costs Dropped in Q2
A benchmarking report from TMC and Decisiv reveals good news for fleets as heavy-duty parts and labor costs dropped in the second quarter of 2023.
Read More →
Platform Science, Uptake Partner on Predictive Maintenance Platform
Platform Science and Uptake have formed a partnership aimed at bringing a comprehensive predictive maintenance program to market for U.S. truck fleets.
Read More →
