About TEAM Truck Centres
TEAM Truck Centres is a company based in London (Canada) founded in 1975 was acquired by Penske Automotive in February 2022.. TEAM Truck Centres offers products and services including Freightliner Trucks, Western Star Trucks, Truck Financing, and Parts and Service. TEAM Truck Centres operates in a competitive market with competitors including Hydra Energy, GLOBOCAM, Trailer Wizards, First Truck Centre and Transolutions Truck Centres, among others.
- Headquarter London, Canada
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Sectors
Transportation, Automotive & Logistics
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Phone
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Website
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Social
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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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Acquired by
Penske Automotive
(Feb 28, 2022)
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Products & Services of TEAM Truck Centres
TEAM Truck Centres offers a comprehensive portfolio of products and services, including Freightliner Trucks, Western Star Trucks, Truck Financing, and 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.
New and used trucks for business transportation needs.
Heavy-duty vehicles for logistics and hauling operations.
Options for purchasing and leasing commercial vehicles.
Repair and supply parts for truck upkeep.
Funding Insights of TEAM Truck Centres
| 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 TEAM Truck Centres
TEAM Truck Centres 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 TEAM Truck Centres
| 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 |
Financial Statements - TEAM Truck Centres
| 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 |
Team Truck Centres Comparisons
Competitors of TEAM Truck Centres
TEAM Truck Centres 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 Hydra Energy, GLOBOCAM, Trailer Wizards, First Truck Centre and Transolutions Truck Centres, 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 |
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| domain | founded_year | HQ Location |
Commercial hydrogen-diesel trucks are retailed for business applications.
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| domain | founded_year | HQ Location |
Provides sales, service, and financing for heavy trucks including Freightliner and Western Star.
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| domain | founded_year | HQ Location |
Commercial trailer rental, leasing, and dealership services are offered.
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| domain | founded_year | HQ Location |
Provider of truck and bus dealership for new and used trucks and buses, body repair, parts and service
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| domain | founded_year | HQ Location |
New and used commercial trucks are offered through dealership services.
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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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Frequently Asked Questions about TEAM Truck Centres
When was TEAM Truck Centres founded?
TEAM Truck Centres was founded in 1975.
Where is TEAM Truck Centres located?
TEAM Truck Centres is headquartered in London, Canada. It is registered at London, Ontario, Canada.
What does TEAM Truck Centres do?
TEAM Truck Centres, established in 1975 and currently in Acquired stage, focuses on auto, auto retail aftersales, dealership, commercial vehicles, and trucks. Retailer dealership of heavy-duty commercial trucks. Adapting to market demands with innovation and client-focused strategies. It continues to evolve, meeting industry challenges with strategic approaches.
Who are the top competitors of TEAM Truck Centres?
TEAM Truck Centres's top competitors include Hydra Energy, Trailer Wizards and Babine Truck & Equipment.
What products or services does TEAM Truck Centres offer?
TEAM Truck Centres offers Freightliner Trucks, Western Star Trucks, Truck Financing, and Parts and Service.
Who are TEAM Truck Centres's investors?
TEAM Truck Centres has 1 investor. Key investors include Penske Automotive.