Aftermarket truck and trailer parts specialist, Transpec, has acquired Midland Truck & Trailer Spares Limited (MTTS) for an undisclosed sum.
MTTS was founded and run by Fergal and Elaine Mulligan in September 2000 and is a successful all makes truck and trailer parts distributor based in Greenogue Industrial Estate, Dublin.
Over the years the company has evolved into a very successful distributor with a loyal nationwide customer base, built on a reputation for unrivalled service, and real value for money.
Commenting on the acquisition, Ricard Sheehan, Transpec’s managing director said: “We are delighted that Midland has become part of the Transpec network in Ireland and indeed the European BPW aftermarket Group.
“Fergal and the rest of the staff will continue working in the newly expanded Transpec and this in itself was a hugely critical factor when we negotiated the acquisition.
“We feel we can integrate Midland into Transpec quite easily and the result will prove extremely advantageous to our customers.”
Fergal Mulligan, managing director of Midland added: “The acquisition by Transpec / BPW is something we’ve been discussing for some time. We have spent many years building Midland into the successful company it is today.
“We are all very excited to now be part of the BPW aftermarket group as it allows us to enjoy the economies of scale that only a European wide network can bring.
“This will bring us a wider portfolio of parts, better stock availability, a nationwide branch network and will result in a more competitive offering for our customers.”
Transpec was founded in 1999 and has grown to be one of the foremost suppliers of aftermarket truck and trailers parts in Ireland. Transpec is wholly owned by BPW with branches in Dublin, Cork and Limerick.
Transpec is part of the BPW aftermarket group, which has branches in almost every country in Europe, employing 6,000 people globally.