Oklahoma City-Based Pronoss Acquires City Trailer
Infinity Capital Partners arranged the transaction
OKLAHOMA CITY (Oct. 10, 2024) — Pronoss, LLC, an Oklahoma City-based single-source solution provider for specialty vehicle collision repair and remanufacturing, today announces the acquisition of City Trailer Inc., an Oklahoma City-based full-service truck and trailer sales, service, maintenance, and distribution business. Infinity Capital Partners arranged the transaction.
“Combining these two companies just makes sense. From Pronoss’s focus on specialty vehicles, including over-the-road tractor trailers, delivery vans, ambulance, fire trucks, and RVs, to City Trailer’s all encompassing semi-trailer offerings, our priority is to keep the hardest working vehicles working hard,” said Pronoss Founder Jake Nossaman. “With this acquisition, our goal is to create a fully-integrated company that takes care of anything that touches the highway.”
Established in 2001 by Richard Walker, City Trailer provides quality customer service across a variety of services related to semi-trucks and trailers, including sales, service, maintenance and repair, parts, and paint. City Trailer is comprised of four divisions all located on the same 45-acre facility, including City Trailer, City Paint Works LLC, City Secure Parking LLC., and City Medium Duty Truck Repair Shop.
The company’s leadership team will remain in place as the two companies merge into the broader platform of CTPN Operating, LLC, of which Pronoss is an affiliate.
“I couldn’t be more proud of the business my team and I have built, and I’m confident I’ve found the right partner in Pronoss to help pass along the legacy of City Trailer,” Walker said. “I trust City Trailer and our employees are in good hands as we combine with the Pronoss team.”
City Trailer has grown to become not only a leader in Oklahoma, but also in the surrounding region, with long-lasting industry relationships with all major dealers, vendors, and customers.
“City Trailer, owned by Richard Walker and the recently retired Jim Crofford, helped make Gemini Motor Transport into what it is today — the safest and largest hazmat carriers in North America,” said Executive Vice President of Gemini Motor Transport and Loves Travel Centers Brent Bergevin. “Their leadership and friendship will never be forgotten. Now as we head into 2025, we are looking forward to working with the new leadership led by Jake Nossaman and his company, Pronoss. We look forward to creating new memories and milestones with the team at Pronoss.”
Infinity Capital Partners served as City Trailer’s exclusive investment banking advisor, and Gable Gotwals served as City Trailer’s legal counsel. McAfee & Taft served as legal counsel to Pronoss and CTPN.
“Assisting Richard and the City Trailer team through this transaction was extremely rewarding, particularly because it represents two great Oklahoma businesses combining forces,” said Ben Lewallen, Director at Infinity Capital Partners. “We look forward to watching these businesses grow within the state and for each to learn from the other.”
The transaction amount was not disclosed.
About Pronoss
Pronoss is a specialty vehicle collision repair and remanufacturing service provider based in Oklahoma City, OK. The business’ unique remanufacturing process pairs the best people in the industry with the latest tools and technology all under one roof. Pronoss boasts state-of-the-art facilities and industry expertise from paint and body to heavy-duty vehicle frame repair. For more information, visit www.pronoss.com.
About City Trailer
City Trailer is a full-service truck and trailer sales, service, maintenance, and distribution business for the truck and trailer industry. The Company is a regional leader in truck and trailer sales, service, and maintenance, providing unmatched customer service to nearly 6,000 active customers, City Trailer is a one-stop shop for all truck and trailer needs. For more information, visit www.citytrailerinc.com.
About Infinity Capital Partners
Infinity Capital Partners is an Oklahoma City-based middle-market investment bank offering a broad range of advisory services to private companies across a variety of industries. Infinity works closely with owner-operators, shareholders, founders, and management teams to provide tailored services including M&A advisory, debt and equity placements, recapitalizations, and strategic advisory. For more information about Infinity Capital Partners, please visit our website at www.infinitycapitalpartners.com. Securities placed through Infinity Capital Securities, LLC. Member FINRA.
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