JAX Chamber: Smith Hulsey & Busey Represents Nextran Truck Centers In Acquisition Of Westfall-O'Dell Truck Sales

Jacksonville FL

03 September, 2021

5:42 PM

Description

Press release from the JAX Chamber: September 3, 2021 The transaction, which closed on August 3, is one of the largest Volvo Trucks or Mack Trucks dealer acquisitions in the last five years. "We're proud to be a part of this major acquisition by our long-time client, Nextran, which will substantially increase the size of its footprint across the country," said Dick Lewis, Managing Partner at Smith Hulsey & Busey. "It took a collaborative effort by our attorneys to manage all the moving parts of this deal and make it as smooth and successful as possible." The high-value acquisition involved a number of Smith Hulsey attorneys across several practice areas, including the Corporate M&A, Real Estate, Environmental, and Labor & Employment teams. "Five years ago, we outlined an ambitious strategic plan that focused heavily on expanding our footprint and facilities, while also investing heavily into our employees, OEM partners and customers. The acquisition of Westfall-O'Dell demonstrates our steadfast commitment toward that goal," said Jon W. Pritchett, President and CEO of Nextran Truck Centers. "I admire the fact that over the last 70 years, Westfall-O'Dell has built a first-class organization. Their company values, including an incredible focus on treating their employees and customers like family, are in direct alignment with Nextran's core principles. We are tremendously excited for this new chapter and look forward to working with Westfall-O'Dell to ensure a successful integration of our teams." Upon completion of this transaction, Nextran will employ over 1,200 team members and anticipates sales of over 4,500 new and used commercial trucks annually. About Smith Hulsey & Busey Smith Hulsey & Busey is an independent, full-service business law firm based in Jacksonville, Florida. The firm has more than 30 attorneys with a broad commercial practice that includes four marquee practice areas: bankruptcy, complex commercial litigation, healthcare, and mergers and acquisitions. For more information, visit smithhulsey.com and connect with the firm on LinkedIn and Facebook. Steven Gallo [email protected] 904-454-3566 This press release was produced by the JAX Chamber. The views expressed here are the author's own.