has been acquired by
Dobbs Management Service, LLC (“DMS”), the family office of the John Hull Dobbs Family, completed the acquisition of GWP Holdings, LLC (“GWP”) the parent company of Western Peterbilt and Western Truck Parts and Equipment Company, a leading operator of heavy duty truck dealerships in the Pacific Northwest. Dobbs acquired GWP from Greenbriar Equity Group LLC on September 2, 2014. Cascadia Capital served as the co-advisor to GWP in the transaction along with Donnelly, Penman & Partners in Michigan.
Headquartered in Seattle, Washington, GWP operates a network of 17 locations from Northern California to Alaska that provide one-stop service for its customers, including the retail sale of new and used transportation equipment, aftermarket parts sales, full-service maintenance, short-term truck rental, long-term full service leasing and financing. The company sells Peterbilt, Volvo, Mack, Autocar, Crane Carrier and Hino branded vehicles.
The Dobbs family has a deep rooted history in the dealership community having founded and built a successful automobile dealership franchise over an almost 80 year period that was one of the largest dealership groups in the United States.
Frank Anglin, CEO and President of GWP stated, “We are excited about our partnership with Dobbs and value their long-term focus on growing our business, their commitment of capital to assist in our growth, as well as their prior dealership experience.”
Edward Dobbs, who will serve as Chairman, stated, “As long-term investors, we are excited about partnering with GWP’s management team and its employees, as well as supporting their customers and original equipment manufacturer relationships. Over the years, we have evaluated many opportunities in the heavy duty industry and believe GWP represents the best brands in the industry and is an exceptional platform for future growth.”
Hugh Campbell
Managing Director
hcampbell@cascadiacapital.com
(206) 436-2564
Christian Schiller
Managing Director
cschiller@cascadiacapital.com
(206) 436-2554
Mike Kelley
Senior Vice President
mkelley@cascadiacapital.com
(206) 436-2524