The Reading Truck Group, headquartered in Reading Pennsylvania, has announced it has agreed to acquire the Colorado-based Mastercraft Truck Equipment, a commercial truck and van solutions provider that was founded in 1983.
With two locations in Colorado, the acquisition of the privately owned Mastercraft Truck Equipment furthers Reading Truck’s growth strategy; and positions the company with 24 Reading Truck locations nationwide.
“Established in 1983, Mastercraft has been providing exceptional upfitting and parts services to its work truck and van body customers for close to forty years. They have an excellent reputation for successfully meeting the upfitting and equipment needs of its customers, a key focus for Reading Truck,” said Jeff Conrad, Interim President and Chief Financial Officer of The Reading Truck Group. “They are a great addition to our Reading Truck center network and our Reading Truck brand.”
Eric McNally, Vice President of Sales & Marketing for The Reading Truck Group commented: ”As with our prior acquisitions, the addition of Mastercraft underscores our commitment to growth and our customers.”
In addition to expanding Reading Truck’s national footprint, the addition of Mastercraft Truck Equipment complements the portfolio of business units owned by J.B. Poindexter & Co., Inc., a best-in-class manufacturing and commercial transportation business enterprise.
J.B. Poindexter & Co. applies innovative operational and financial disciplines to the manufacturing of truck and van bodies, pickup truck covers and accessories, industrial vehicle storage and shelving, funeral coaches, limousines, specialty industrial parts, and expandable foam packaging. The industry-leading business units include Morgan Truck Body, Morgan Olson, Reading Truck Group, LEER, EFP, FederalEagle, MIC Group, Masterack, and EAVX.
The financial terms of the transaction were not disclosed. The transaction is subject to customary closing conditions.
For more information, visit www.JBPoindexter.com.
More on Reading Truck Group can be found at https://www.readingtruck.com/.