Grand Vehicle Works Holdings, LLC (GVW) has acquired a portion of the parts distribution business from Transportation Components Inc (TransCom). The new company formed as a result of this transaction is named UpTime Parts LLC.
GVW completed the purchase agreement for this segment of TransCom's business Nov 9, 2001. It acquired call center operations in Fort Worth TX and Fremont CA, as well as warehouse operations in Reno NV and Memphis TN. Now in full operation, UpTime Parts expects to move the Memphis warehouse operations to the Chicago IL area by early 2002. This location will also serve as corporate headquarters.
Two former TransCom executives will now serve with UpTime Parts. David Olsen will become president, and Jim Lockie will be vice-president of sales.