OHA Leads Private Financing Supporting FleetPride’s Merger with TruckPro

Company Overview - Oak Hill Advisors (OHA) acted as the Administrative Agent and Lead Left Arranger for a private unitranche financing to support the merger of FleetPride, Inc. and TruckPro, LLC, the two largest distributors of aftermarket parts for heavy-duty trucks in the U.S. [1] - FleetPride is a portfolio company of American Securities, which is a leading U.S. private equity firm managing over $23 billion [7]. Financing Details - OHA is the largest holder of the newly raised debt facility, highlighting its long-standing relationship with FleetPride as a lender for over a decade [2]. - The financing was executed with speed and precision, leveraging OHA's deep expertise in the automotive aftermarket sector [2]. Strategic Insights - The merger is expected to unlock significant operational and cost synergies, enhancing the combined business's ability to serve customers with broader product availability, faster delivery, and improved service offerings [3]. Company Profiles - FleetPride is a leading national distributor of aftermarket parts for the heavy-duty truck industry, offering over 1 million SKUs across 490 brands and 320 product categories [5]. - TruckPro is one of the largest independent distributors of heavy-duty aftermarket truck parts, serving over 35,000 customers across various end markets since its founding in 1958 [6]. OHA's Market Position - OHA manages approximately $98 billion of capital across various credit strategies, emphasizing long-term partnerships to access proprietary opportunities [4].