GVW Acquires chunk of TransCom, forms UpTime Parts
HIGHLAND PARK, Ill. — In a move to further support the specialty commercial market, Grand Vehicle Works Holdings (GVW) has acquired a portion of the parts distribution business of TransCom.
The resulting new venture is known as UpTime Parts, LLC. GVW completed the purchase agreement for this segment of TransCom’s business on Nov. 9, and has acquired the call center operations in Fort Worth, Tex., and Fremont, Calif., as well as warehouse operations in Reno, Nev., and Memphis, Tenn.
UpTime Parts is in full operation today and expects to move the Memphis warehouse operations to the Chicago area in the next 60 days. This location will also serve as its corporate headquarters.
“This segment of TransCom’s parts business nicely complements our current expertise with niche commercial products,” says Andrew Taitz, chairman and chief executive officer of GVW. “We value their focused, responsive approach to customers, as it is closely aligned with our approach.”
GVW recently formed Autocar to acquire the Xpeditor line of Class 8 low cab over engine trucks from Volvo Trucks of North America Inc.
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