Oak Hill Advisors (OHA) served as administrative agent and lead left arranger for a private unitranche financing supporting the recapitalization and merger of FleetPride with TruckPro, distributors of aftermarket parts for heavy-duty trucks in the United States. FleetPride is a portfolio company of American Securities.
Leveraging its understanding of the business, expertise in the automotive aftermarket sector and trusted partnership with the sponsor, OHA was able to deliver strategic insights and execute the financing.
“We are pleased to support the merger of these two industry-leading businesses, reflecting our continued conviction in American Securities’ strategic vision for FleetPride,” Eric Muller, partner and portfolio manager at OHA, said. “This transaction will unlock significant operational and cost synergies, enabling the combined business to better serve customers nationwide with broader product availability, faster delivery and enhanced service offerings.”
