Truck-Lite Purchased, Penske Relinquishes Majority Interest

FALCONER, NY - Truck-Lite Co. has announced it is being purchased by an affiliate of Koch Equity Development LLC and BDT Capital Partners LLC and will partner with Penske Corp. The move will allow the commercial vehicle and filtration systems provider, owned by Penske and funds affiliated with the private investment firm Kelso & Company, to relinquish its majority control, while allowing Truck-Lite to expand with new products and services, according to a news release.