Nancy Phillips Associates is pleased to announce the sale of the Western Star franchise of O’Connor Trucks in Augusta, Maine to Freightliner of Maine, Inc., owned by the Cook Family Group of the United States and Canada.
Nancy Phillips Associates is pleased to announce the sale of the Western Star franchise of O’Connor Trucks in Augusta, Maine to Freightliner of Maine, Inc., owned by the Cook Family Group of the United States and Canada.
Cook Family Group operates heavy duty truck dealerships with multiple locations across the state of Maine and is also Atlantic Canada’s largest truck and trailer dealership retailer.
With an eye towards the consolidation movement taking place in the commercial truck industry, Randy Hutchins, owner of O’Connor Trucks, implemented a forward thinking strategy to divest of his truck franchises early on. To that end, he has now sold not only Western Star but also his other four truck franchises. Hutchins remains the owner of the top selling General Motors dealership in Maine and is focusing on further expansion of that business.
The commercial truck industry is undergoing rapid consolidation throughout the United States similar to what is taking place in the tire center and collision industries. Manufacturers are aggressively working toward reduction in dealer count in order to bolster their biggest investors which in turn improves their own financial stability and operational health.
Nancy Phillips Associates, representing the Seller, is the advisor responsible for this transaction.
