Sale of Premium Truck Group to First Industries Corporation

Automotive - Heavy truck dealerships

KPMG Corporate Finance acted as financial advisor to the shareholders of Premium Truck Group (“PTG”) on its divestiture to First Industries Corporation (“FIC”).

Headquartered in Prince George, British Columbia (“BC”), Premium Truck & Trailer Inc. (“PTTI”) has a long history in the heavy truck and trailer business. PTTI was founded in 1967 as Inland Diesel Ltd., a small truck repair shop specializing in diesel engine repairs, eventually taking its current name as the business grew. Since its founding, PTTI has grown to five locations and nearly 200 employees throughout BC. In addition to operating as an authorized dealer for Daimler Truck North America (“DTNA”) (including the Freightliner, Western Star, and Thomas Built Bus brands), PTTI is also a distributor for K-Line and Lode King trailers. In addition to PTTI, PTG provides heavy truck and trailer rental / leasing and collision repair services through Alliance Leasing Ltd. (“ALL”) and First Truck Collision Centre Ltd. (“FTCCL”).

FIC operates Western Canada’s largest DTNA dealership group, First Truck Centre. Following the acquisition of PTG, FIC will comprise 13 rooftops located in 9 communities throughout BC and Alberta.