Diamond Companies and Roberts Truck Center to Merge
New enterprise will deliver a higher standard of value to customers in seven states
Memphis, TN—October 31, 2013—Diamond Companies, a holding company for International® Truck and IC Bus™ dealerships in Arkansas, Kansas, Missouri and Tennessee, and Roberts Truck Center, LLC, a holding company for truck and bus dealerships in Kansas, New Mexico, Oklahoma and Texas will merge effective January 1, 2014. The new company will have revenues approaching $1 billion. The combined enterprise will have a greater potential for improved financial strength and the ability to deliver long-term operating performance and improvements through increased scale.
The two privately held, family businesses have very similar cultures and are both committed to serving their customers and communities. Customers will benefit from the new company’s broader footprint in the marketplace and a consistent service experience across seven states. The company will employ 1,300 people at 29 locations in 26 markets.
In announcing the planned merger, the principals of the new organization, Richard Sweebe, President and CEO, Diamond Companies, Blaine Roberts, President of Roberts Truck Center, and Blair Roberts, Vice President of Roberts Truck Center, said, “This merger represents a new beginning for our two successful companies. It enables us to become an even more efficient transportation solutions provider that is better able to compete in the rapidly changing commercial truck and bus industry. Our objective is to continue to grow and to build on our reputations for integrity, quality, and service in the markets we serve.”
The new enterprise will be a privately held company and the key principals will remain in their leadership positions. Corporate functions of the new entity will be directed from several locations for the foreseeable future. The new company will be named and branded before the January 1, 2014 effective date.
About Diamond Companies
Diamond Companies is a holding company for International® Truck and IC Bus™ dealerships that provide commercial truck and bus sales, parts and service in Arkansas, Kansas, Missouri and Tennessee. Diamond Companies also sell and service Isuzu commercial trucks, Crane Carrier specialty vehicles, and Dragon Trailers. With 16 locations in 13 markets, Diamond Companies is one of the largest International ® Truck dealers in North America. Diamond Companies delivers a higher standard of value to the commercial truck industry with 180 full service bays, 225 OEM trained and ASE certified technicians, and over $14 million in All-Makes stocked parts. A subsidiary, Diamond Idealease, provides commercial truck lease and rental and offers mobile and dedicated maintenance services. Additional information can be found at www.diamondtrucks.com or www.facebook.com/DiamondTrucks.
About Roberts Truck Center
Founded in 1974, Roberts Truck Center is a full-service commercial truck and bus dealership representing International Truck, Kenworth, Volvo, Mack, and Isuzu commercial trucks, Crane Carrier specialty vehicles, and IC Bus. The company serves 13 markets in Kansas, New Mexico, Oklahoma and Texas. The company has a stock of more than $11 million in All-Makes parts, 260 full service bays and 180 OEM trained and ASE certified technicians. As an affiliate of Idealease, a North American leasing network, Roberts Idealease offers an array of lease products and services, including full-service leasing, dedicated maintenance and rental. Additional information can be found at www.Robertstruckcenter.com or www.facebook.com/RobertsTruckCenter.