Baltimore Potomac Truck Centers on Wednesday announced the acquisition of TMI Truck & Equipment, which consists of two dealerships in Chesapeake and Norfolk, Va. The acquisition was completed on Nov. 13.
Performance Brokerage Services worked as advisors for the Parker Family.
Baltimore Potomac Truck Centers now operates seven full-service commercial truck dealership locations throughout Maryland and Virginia offering franchise locations for Mack, Volvo, and Hino Trucks, and is excited to introduce Isuzu Trucks with this acquisition, as well as trailer lines from Talbert, Fontaine, and Landoll.
The corporation, founded in 1973, is third generation family owned and operated and is celebrating it’s 50th anniversary this year. At its inception it was a single location Mack truck dealership serving the greater Baltimore area. Over the years the footprint has expanded to include locations serving the Washington D.C. area, northern Virginia, western Maryland, and now the tidewater Virginia area. The portfolio has also grown to include franchises for Mack Trucks, Volvo Trucks, Hino Trucks, and Isuzu Trucks, as well as several trailer and body manufacturers. In addition, the company’s leasing and rental division, Potomac Truck Leasing, operates a large and growing fleet of lease and rental trucks and trailers.
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Tidewater Mack Inc., DBA TMI Truck & Equipment, has been in business since 1970. It has locations in Chesapeake and Norfolk, Va. TMI is a dealer for commercial truck brands Volvo, Mack, Isuzu, and Hino. John and Richard Doub are second generation owners of the dealerships.
“My brother Richard and I are pleased to continue with our new owners as leading locations in our market that set standards for all to follow. Tidewater Mack started by our father, Dick Doub, who had a dream and a loan taking the risk to start what TMI Truck and Equipment turned into, a premier dealership operation focused on the needs of our customers and staff,” says John Doub, TMI president.
