Code Hennessy & Simmons LLC (“CHS”) announced today that it has made a majority equity investment in TruckPro, Inc. (“TruckPro”). Headquartered in Memphis, Tennessee, TruckPro is a leading independent distributor of aftermarket parts and accessories for heavy-duty vehicles with the leading market share in the 16-state region in which it competes. CHS’ investment in TruckPro represents a partnership between CHS, senior management of TruckPro and the former majority shareholder, Cravey Green and Wahlen Incorporated.

Through 60 branch locations and a centrally located distribution center in Memphis, TruckPro serves a highly diversified customer base of over 35,000 active customers. Its comprehensive product offering of 22,000 SKUs from over 200 vendors covers every major category of repair and maintenance parts for heavy-duty trucks and other vehicles. Over 85% of TruckPro’s sales volume is received at the central distribution center in Memphis and redistributed to branch locations. Its centralized distribution infrastructure differentiates TruckPro and results in superior service with average in-stock positions exceeding 96% and low-cost distribution.

“Our goal at TruckPro is customer satisfaction,” said Mick Baird, President of TruckPro. “With the resources and industry expertise of CHS, we will be better positioned to provide efficient distribution of the most comprehensive line of repair and maintenance parts in the industry. We look forward to joining the CHS network of leading distribution companies.”

Rich Lobo, Partner at CHS, said, “We are eager to work with Mick Baird and the senior management team of TruckPro. With an uncompromising focus on customer service, Mick and his team have generated outstanding financial performance over the past several years. Going forward, we believe TruckPro can maximize value to manufacturers and customers by leveraging its centralized distribution center over a larger branch network and using sophisticated distribution technology to offer the most cost-effective service in the industry.”

The investment in TruckPro complements CHS’ portfolio of investments in the distribution industry, which currently includes Beacon Roofing Supply, Inc. (Nasdaq: BECN), a distributor of residential and commercial roofing products; The Hillman Group, a distributor of fasteners, key blanks, signage and other small hardware components; Hoboken Wood Flooring Corporation, a distributor of hard surface flooring; Home Acres Building Supply Co., a distributor of gypsum wallboard in the Upper Midwest; Houston Wire and Cable Company (Nasdaq: HWCC), a distributor of specialty wire and cable; and SunSource, a distributor of fluid power products and systems.

CHS is a Chicago-based private equity firm specializing in private equity investments and recapitalizations of middle market companies in partnership with management. CHS has formed five private equity funds and currently manages over $2.5 billion of capital. Funds for CHS' investment in TruckPro come from CHS Private Equity V LP, a $1.3 billion investment fund formed in 2005.

For more information on TruckPro, please refer to the company’s website at www.truckpro.com.