American Securities’ Acquisition of FleetPride


Weil, Gotshal & Manges LLP served as legal counsel to American Securities, and Vinson & Elkins LLP served as legal counsel to FleetPride with respect to the transaction. Barclays acted as financial advisor to the Company with respect to the transaction.

American Securities LLC has partnered with management and executed the acquisition of FleetPride, Inc. from TPG Capital. FleetPride is a leading national distributor of aftermarket parts for the U.S. heavy-duty truck industry. Financial terms of the transaction were not disclosed.

Based in Irving, Texas, FleetPride is the largest independent heavy-duty aftermarket parts distributor in the U.S. The Company acts as a critical link between 2,150 suppliers and 100,000 customers who are served through a national network of over 270 branch locations. FleetPride carries the industry’s broadest selection of aftermarket truck parts, offering over 145,000 SKUs across 490 brands, including its own private label offering.

Vinson & Elkins advised FleetPride, Inc. with a team including partner Lande Spottswood and senior associate Matt Falcone, with partner Keith Fullenweider and associates Yong Eoh, Greg Henson, David Lassetter, Maggie Webber and Charlie Fitzpatrick. Other key team members included associate Connor Long; partner John Lynch and associate Megan James; partner Stephen Jacobson and associate Gina Hancock; partner Sean Becker and senior associate Christie Alcalá; senior associate Matt Dobbins and associates Jennifer Cornejo and Austin Pierce; partner David Wicklund and associate Caitlin Snelson; partner Devika Kornbacher and associate Ben Cukerbaum; and partner Hill Wellford.

Involved fees earner: Christie Alcalá – Vinson & Elkins LLP; Sean Becker – Vinson & Elkins LLP; Jennifer Cornejo – Vinson & Elkins LLP; Benjamin Cukerbaum – Vinson & Elkins LLP; Matthew Dobbins – Vinson & Elkins LLP; Maggie Dunlap Webber – Vinson & Elkins LLP; Yong Eoh – Vinson & Elkins LLP; Matthew Falcone – Vinson & Elkins LLP; Charles Fitzpatrick – Vinson & Elkins LLP; Keith Fullenweider – Vinson & Elkins LLP; Gina Hancock – Vinson & Elkins LLP; Gregory Henson – Vinson & Elkins LLP; Stephen Jacobson – Vinson & Elkins LLP; Megan James – Vinson & Elkins LLP; Devika Kornbacher – Vinson & Elkins LLP; David Lassetter – Vinson & Elkins LLP; Connor Long – Vinson & Elkins LLP; John Lynch – Vinson & Elkins LLP; Austin Pierce – Vinson & Elkins LLP; Caitlin Snelson – Vinson & Elkins LLP; Lande Alexandra Spottswood – Vinson & Elkins LLP; Hill Wellford – Vinson & Elkins LLP; David Wicklund – Vinson & Elkins LLP;

Law Firms: Vinson & Elkins LLP;

Clients: FleetPride, Inc. ;

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Author: Ambrogio Visconti