About Premier Truck
Premier Truck is a company based in Dallas (United States) founded in 1977 was acquired by Penske Automotive in June 2023.. Premier Truck has completed 2 acquisitions, including Harper Truck Centres and Warner Truck Centers. Premier Truck offers products and services including New Trucks, Used Trucks, Parts, and Service. Premier Truck operates in a competitive market with competitors including Penske Automotive, Storyteller Overland, Heritage Tractor, The Larson Group and Truckworx, among others.
- Headquarter Dallas, United States
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Tru Group Oü
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Investments & Acquisitions
Harper Truck Centres
& 1 more
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Acquired by
Penske Automotive
(Jun 15, 2023)
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Products & Services of Premier Truck
Premier Truck offers a comprehensive portfolio of products and services, including New Trucks, Used Trucks, Parts, and Service. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Offers new commercial trucks like Freightliner models.
Provides pre-owned trucks from various makes.
Supplies truck parts and accessories for maintenance.
Delivers fleet services and collision repairs.
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Leadership Team
38 people
Software Development Team
31 people
Human Resources and Administration
30 people
Finance and Accounting
27 people
Sales and Marketing
19 people
General Team
19 people
Operations Team
7 people
Senior Team
5 people
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Funding Insights of Premier Truck
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Premier Truck
Premier Truck has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Penske Automotive. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Commercial vehicles and parts are dealt by Penske Automotive.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Premier Truck
Premier Truck has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Harper Truck Centres and Warner Truck Centers. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Truck-focused blogs are published by Harper Truck Centres.
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2008 | ||||
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Provider of truck dealing services
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1983 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Premier Truck
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Premier Truck Comparisons
Competitors of Premier Truck
Premier Truck operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Penske Automotive, Storyteller Overland, Heritage Tractor, The Larson Group and Truckworx, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Commercial vehicles and parts are dealt by Penske Automotive.
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| domain | founded_year | HQ Location |
Manufacturer of adventure vans
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| domain | founded_year | HQ Location |
Sells and services John Deere tractors, mowers, and agricultural attachments.
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| domain | founded_year | HQ Location |
Provides comprehensive solutions for new and used semi-trucks, including financing and multiple locations.
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| domain | founded_year | HQ Location |
Commercial truck sales and repair services are offered.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Premier Truck
Frequently Asked Questions about Premier Truck
When was Premier Truck founded?
Premier Truck was founded in 1977.
Where is Premier Truck located?
Premier Truck is headquartered in Dallas, United States. It is registered at Dallas, Texas, United States.
Who is the current CEO of Premier Truck?
Rich Shearing is the current CEO of Premier Truck.
What does Premier Truck do?
Premier Truck was founded in 1977 in Dallas, United States, as a dealer in the automotive sector. New and used trucks are handled through sales operations at the companys location. Services focus on providing vehicles for commercial and personal use within the regional market. Leadership is provided by Rich Shearing as President and CEO. The domain premiertruck.com is maintained for online presence.
Who are the top competitors of Premier Truck?
Premier Truck's top competitors include Penske Automotive, Storyteller Overland and Truckworx.
What products or services does Premier Truck offer?
Premier Truck offers New Trucks, Used Trucks, Parts, and Service.
How many acquisitions has Premier Truck made?
Premier Truck has made 2 acquisitions, including Harper Truck Centres, and Warner Truck Centers.
Who are Premier Truck's investors?
Premier Truck has 1 investor. Key investors include Penske Automotive.