Baltimore Potomac Truck Centers acquired TMI Truck & Equipment, which consists of two dealerships in Chesapeake and Norfolk, VA. The acquisition was completed on Nov. 13.
Baltimore Potomac Truck Centers now operates seven commercial truck dealership locations throughout Maryland and Virginia offering franchise locations for Mack, Volvo and Hino Trucks. The company also will introduce Isuzu Trucks with this acquisition, as well as trailer lines from Talbert, Fontaine and Landoll.
Baltimore Potomac Truck Centers, founded in 1973, is third generation family-owned and operated and is celebrating its 50th anniversary this year. At its inception, it was a single location Mack truck dealership serving the greater Baltimore area. Over the years, the company’s footprint has expanded to include locations serving the Washington D.C. area, northern Virginia, western Maryland and now the Tidewater Virginia area. The company’s portfolio has also grown to include franchises for Mack Trucks, Volvo Trucks, Hino Trucks and Isuzu Trucks, as well as several trailer and body manufacturers. In addition, the company’s leasing and rental division, Potomac Truck Leasing, operates a fleet of lease and rental trucks and trailers.
Tidewater Mack, which does business as TMI Truck & Equipment, has been in business since 1970. The company has locations in Chesapeake and Norfolk, VA. TMI is an OEM dealer for commercial truck brands Volvo, Mack, Isuzu and Hino. John and Richard Doub are second generation owners of the dealerships.
“My brother Richard and I are pleased to continue with our new owners as leading locations in our market that set standards for all to follow,” John Doub, who is president of TMI, said. “Tidewater Mack started by our father, Dick Doub, who had a dream and a loan taking the risk to start what TMI Truck & Equipment turned into: a premier dealership operation focused on the needs of our customers and staff.”
“It has been an exciting journey during the acquisition process, and my father, brother and I are looking forward to continuing the legacy that John and Richard have built, ” Mark Parker, recently named president and CEO of Baltimore Potomac Truck Centers, said. “The Parker and Doub families have known each other for decades and the combination of our two companies will ensure a stronger opportunity to provide top tier service to our customers. The future is bright. We are thankful for the chance to serve and will continue to provide high quality trucks, parts and service to our new and loyal customers.”
“It’s an exciting time for our dealership group and we’re proud to grow our presence in Virginia,” Scott Parker, executive vice president of Baltimore Potomac Truck Centers, said.
“The acquisition of TMI Truck & Equipment is a natural fit for Baltimore Potomac Truck Centers’ expansion to our geographical footprint in Virginia,” Steve Parker, Executive chairman of Baltimore Potomac Truck Centers, said. “We welcome the TMI staff and customers to our family of dealerships and look forward to carrying on the legacy of unparalleled customer support and satisfaction.”
Baltimore Potomac Truck Centers has retained all of TMI’s employees, including the previous owners, John, Richard and Braden Doub, who will remain at the dealership to continue to lead the new Tidewater division for Baltimore Potomac Truck Centers.
Performance Brokerage Services, a dealership brokerage firm, advised the buyers, Mark and Steve Parker, with Baltimore Potomac Truck Centers on the acquisition.
