February 18, 2014
Houston-based Doggett Truck Group has acquired three Freightliner and one Western Star dealerships from the Opus Kane Truck Group (San Antonio and Laredo) and Eddy Vaughn Freightliner (McAllen, Texas) for approximately $30 million.
The transactions boost Leslie Doggett Industry’s estimated annual revenues above $700 million and increase full-time employees to approximately 900.
“This acquisition complements Leslie Doggett’s existing John Deere construction and forestry dealerships and our Toyota forklift business, allowing contractors, manufacturers and distribution companies doing business in South Texas to have a single provider of heavy equipment services expanded to include heavy haul and highway trucks,” says Brian McLemore, chief financial officer with Doggett. “With our team’s focus on world-class support services, Doggett’s mission is to be the No. 1 provider of heavy equipment services in all of its markets.”
Leslie Doggett Industries provides John Deere construction and forestry products for Louisiana, east and southeast Texas, including all of the Gulf Coast from New Orleans to Brownsville, Texas through 18 John Deere dealerships. The company is the largest Toyota Industrial Equipment dealer with distribution for southern Texas and Chihuahua, Mexico through eight Toyota Industrial full service and sales dealerships.
These acquisitions are Doggett’s 18th and 19th in the past 20 years.
The purchase of South Texas Freightliner dealerships follows Leslie Doggett’s acquisition of the Houston John Deere Construction Equipment Business from Rush Enterprises in 2010 and 11 dealerships for $103 million from Nortrax, company-owned stores operated by John Deere & Company in 2007.