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Diamond, Roberts Truck Dealerships to Merge
Diamond Cos., a holding company for International brand truck and bus dealerships, will merge with Roberts Truck Center, effective Jan. 1, the companies said.
Memphis, Tenn.-based Diamond has operations in Arkansas, Kansas, Missouri and Tennessee. Roberts has truck and bus dealerships in Kansas, New Mexico, Oklahoma and Texas.
The combined company, which will have nearly $1 billion in revenue, will employ 1,300 people at 29 locations in 26 markets, the companies said Oct. 31.
Terms were not disclosed. The dealerships are privately held, family-owned businesses.
The merged companies’ principals will be Richard Sweebe, Diamond’s CEO, Blaine Roberts, Roberts’ president, and Blair Roberts, Roberts’ vice president.
“This merger represents a new beginning for our two successful companies,” they said in a joint statement. “It enables us to become an even more efficient transportation solutions provider that is better able to compete in the rapidly changing commercial truck-and-bus industry. Our objective is to continue to grow and to build on our reputations for integrity, quality and service in the markets we serve.”