Stellar Industries Inc. is purchasing the assets of American Crane Inc. (ACI) and Tire Trucks International (TTI).
ACI and TTI are located in Garner, Iowa, and are led by John Collins, president and owner. Stellar says the acquisition allows it to capitalize on the industry contributions and reputation of Collins, who has been inducted into the Tire Industry Association Hall of Fame.
Dave Zrostlik, president of Stellar Industries, says, “We have had an ongoing relationship with John over the years and we are pleased that he has chosen us to acquire his businesses. John has been very instrumental to the tire service industry, and we look forward to building upon his legacy as he begins his transition into retirement.”
The companies also said ACI’s and TTI’s physical location, which is in close proximity to the current Stellar facilities, will contribute to a successful transition.
Closing and integrating operations is expected to take place within 90 days.