Wabash National® Expands South Central Distribution with New Dealer Summit Truck Group
July 21 2017 - 4:20PM
Wabash National Corporation (NYSE:WNC), a diversified
industrial manufacturer and North America’s leading producer of
semi-trailers and liquid transportation systems, today announced an
agreement with Summit Truck Group to provide sales, parts, and
service for Wabash National® dry and refrigerated van trailers and
truck bodies, as well as Transcraft® and Benson® platform trailers
in select areas of Texas, Oklahoma and Louisiana.
Summit Truck Group is one of the largest commercial truck dealer
groups in the US, operating 32 locations across the Southwestern
US.
“The agreement with Summit Truck Group is another step in
executing Wabash National’s strategic growth plan as we expand
access and service for our customers in the competitive South
Central region,” explained Brent Yeagy, president and chief
operating officer. “This is the first time Summit Truck Group has
added trailers and truck bodies to its products and services, which
speaks to the company’s confidence in Wabash National. The
world-class service and values that Summit is known for will serve
our customers well.”
Between the end of July and August 31, 2017, Summit Truck Group
will facilitate the transition of two Wabash National Trailer
Centers in Dallas and San Antonio, Texas, to independent dealer
facilities operated by Summit. The newly acquired locations will
add to the geographic footprint of Summit Truck Group’s 13 existing
locations in Texas and Oklahoma that will sell and service Wabash
National vans and truck bodies. Transcraft and Benson products will
be stocked and sold at authorized locations in both Dallas and San
Antonio.
“We selected Summit Truck Group as our new dealer partner
because of the company’s values, its reputation for customer
service and its extensive network within the trucking industry.
We’re excited about the possibilities for both businesses, as well
as our mutual customers,” explained Chief Executive Officer Dick
Giromini.
Summit Truck Group will be fully stocked with new model year
Wabash National van trailers, truck bodies, and Transcraft and
Benson platform trailers, in addition to being supplied with a full
selection of parts. Customers may contact Todd Chrzan, director of
van sales, at (765) 771-5300 with questions about sales and service
support at these new locations.
About Wabash National Corporation Wabash
National Corporation (NYSE:WNC) is a diversified industrial
manufacturer and North America’s leading producer of semi-trailers
and liquid transportation systems. Established in 1985 in
Lafayette, Indiana, the company manufactures a diverse range of
products, including: dry freight and refrigerated trailers,
platform trailers, bulk tank trailers, dry and refrigerated truck
bodies, truck-mounted tanks, intermodal equipment, aircraft
refueling equipment, structural composite panels and products,
trailer aerodynamic solutions, and specialty food grade and
pharmaceutical equipment. Its innovative products are sold under
the following brand names: Wabash National®, Beall®, Benson®,
Brenner® Tank, Bulk Tank International, DuraPlate®, Extract
Technology®, Garsite, Progress Tank, Transcraft®, Walker Engineered
Products, and Walker Transport. Learn more at
www.wabashnational.com.
About Summit Truck GroupSummit Holdings is a
privately-held company that does business as Summit Truck Group,
Summit Bus, Summit Idealease, and Summit PacLease. The company
operates 32 commercial truck and bus dealerships in Arkansas,
Kansas, Mississippi, Missouri, New Mexico, Oklahoma, Tennessee, and
Texas. Summit Truck Group represents and services International®,
Kenworth, Volvo, Mack, Ford, and Isuzu commercial trucks, and Crane
Carrier specialty vehicles. Summit Bus represents and services IC
Bus™, ElDorado National, and other commercial bus brands.
Commercial truck lease and rental, mobile and dedicated maintenance
services are offered through 19 Idealease™ locations and 2 PacLease
locations. Summit serves customers with more than 1,200 employees,
475 technicians, over 475 service bays, and over $31 million in
all-makes stocked parts. Additional information can be found at
www.summittruckgroup.com.
Safe Harbor StatementThis press release
contains certain forward-looking statements as defined by the
Private Securities Litigation Reform Act of 1995 about the
Company’s proposed sale of certain assets of Wabash National
Corporation to TEC Equipment and the timing of the anticipated
transaction. Forward-looking statements convey the Company’s
current beliefs, expectations or forecasts of future events but are
subject to a number of risks, uncertainties and changes in
circumstances, which may cause actual results or actions to differ
materially from what is expressed or implied by these statements.
All statements contained in this press release other than
statements of historical fact are forward-looking statements. The
factors that could cause actual future results to differ materially
from current expectations include, but are not limited to, the
satisfaction of conditions to closing the transaction and the time
and resources required to do so, competitive developments,
conditions in each of the companies industries. Readers should
review and consider the various disclosures made by the Company in
this report and in the Company’s other reports to its stockholders
and periodic reports on Forms 10-K and 10-Q and the risk factors
discussed in the Company’s filings with the U.S. Securities and
Exchange Commission.
Media Contact:
Dana Stelsel
Corporate Communications Manager
(765) 771-5766
dana.stelsel@wabashnational.com
Investor Relations:
Mike Pettit
Vice President – Finance and Investor Relations
(765) 771-5581
michael.pettit@wabashnational.com
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