Tidewater Fleet Supply LLC, a distributor of automotive, truck and heavy equipment components, headquartered in Norfolk, Va., has acquired TNT Parts, Inc., a heavy duty truck and trailer parts distributor headquartered in Atlanta, Ga.
TFS and TNT have complementary geographic footprints and product lines, as well as a shared focus on carrying high quality parts and providing excellent customer service. With the addition of the TNT locations, TFS will greatly expand its footprint throughout the southeastern United States. The combined companies will operate 10 warehouse locations in Norfolk, Virginia Beach, Chesapeake, Hampton and Richmond, Virginia as well as Atlanta, Dublin, and Savannah, Georgia, Charlotte, North Carolina, and Jacksonville, Florida. All branch locations will offer a wide array of light, medium, and heavy duty truck and trailer parts to support its diverse customer base. The combined companies will continue to offer the highest level of customer service to provide customers with a ‘one stop shop’ for all fleet requirements.
“We are excited about our new partnership with Greg Woods and TNT. Greg and his team have built a high-performing organization with long-standing customer relationships, a strong management team, and a consistent focus on customer service,” said Allan Parrott, President of TFS. “We look forward to working with Greg and his team as TFS continues to grow and create long-term value for all of our stake holders.”
Greg Woods, President of TNT, stated: “We look forward to joining forces with Allan Parrott and the TFS team. We are excited about our new access to TFS’ broad portfolio of products, services and technical expertise which will allow us to further expand our offerings. The strategic rationale for this combination is strengthened by a shared culture of partnering with our skilled and dedicated workforce, our loyal fleet customers, and our world class suppliers to be a top choice for all parties.”
TFS is backed by Falcon Affiliates, an active investor providing capital and expertise to growing enterprises. With a partnership approach, Falcon has a history of working with dynamic companies and entrepreneurs. An investment by Falcon serves as a springboard for a company to achieve its strategic, operational, and growth plans more quickly.
