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Crossroads to Offer Financing for Central California Truck and Trailer Sales

January 14, 2020, 07:12 AM
Filed Under: Mergers & Acquisitions

Velocity Truck Centers (VTC), a sister company of Crossroads Equipment Lease and Finance, has acquired Central California Truck and Trailer Sales, Inc. (CCTTS), an independent used-truck and new/used trailer retailer in California. CCTTS will now be able to offer financing through Crossroads Equipment Lease and Finance, bringing many more options for the CCTTS customer base to acquire equipment, VTC officials said.

With the combination of CCTTS’ six locations in California and VTC’s nine locations, the group will becomes one of the largest volume retailers of used trucks in the West, with 15 total locations across California, Arizona and Nevada. CCTTS also brings expertise in new and used trailer sales to the VTC family.

From Brad Fauvre, Co-President of VTC: “We are very excited to welcome CCTTS to the Velocity family. Warren and his sales team are best-in-class in all metrics and will bring additional skills and perspective to the Velocity network. We are especially excited to have Warren’s entrepreneurial drive and depth of experience in truck and trailer sales as an addition to our senior management team.”

Conan Barker, Co-President of VTC, added, “We want to enthusiastically welcome the CCTTS employees into our organization. The CCTTS brand will remain in the marketplace strengthened by the VTC network, and we look forward to growing together with our new team members and customers in the coming years.”

“We feel like we found the perfect home for our employees and customers.  We are excited for the opportunity and see real growth potential with the combined forces,” CCTTS’ Auwae said,

VTC, a part of the Velocity Vehicle Group (VVG), operates commercial vehicle dealerships across California, Arizona, Nevada and Hawaii. VVG also offers small business and SBA loans through Velocity Small Business Solutions, and truck rental and leasing through Velocity Truck Rental and Leasing.

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