Chesapeake Corporate Advisors Serves as Exclusive Financial Advisor
Baltimore, MD – December 1, 2021 – Chesapeake Corporate Advisors (“CCA”) is pleased to announce that it has served as exclusive financial advisor to Central Truck Center in its sale to All Roads, a privately held, multi-channel retail and commercial services enterprise headquartered in Baltimore, Maryland. All Roads maintains multiple brands through their three operating divisions: Equipment, Trucks and Automotive.
Central Truck Center is a full-service Kenworth and Isuzu dealership in Landover, Maryland owned and operated by Sam Keyton and Henry Meinhardt III since 2006. Established in 1960, Central Truck Center was the first Kenworth dealership in the Mid-Atlantic.
Sam Keyton, President of Central Truck Center, commented, “Our experience throughout this process has been ideal. The CCA team worked with us as true partners while we strategized the next steps for our business. Their expertise resulted in a quality exit strategy for Central Truck Center.” Sam Keyton will continue his work with the organization in a sales leadership role.
The addition of Central Truck Center’s two locations supports All Roads’ goals to increase their commercial truck sales and repair capacity. As Wendy Nieberlein, Chief Financial Officer for All Roads says, “The combination of Central Truck’s talented team and the resources and relationships of All Roads positions us to deliver best-in-class service to the commercial truck market within the region.”
“The combination of Central Truck Center with All Roads will create a dynamic, growing Kenworth truck dealership,” Allen Stott explained. “It was a pleasure working with Sam Keyton to assist him and his partner Henry Meinhardt III in achieving their exit strategy, while providing Sam with a great opportunity to continue in a truck sales leadership role at All Roads.”
Allen Stott, CCA Managing Director, led the Central Truck Center deal with Managing Director, Michael Zuidema, and Senior Analyst, Mohammad Siddiqi. Kathryn Hickey from PilieroMazzo served as legal advisor to Central Truck Center.
About Central Truck Center
Central Truck Center is the authorized mid-Atlantic dealer for Kenworth® and Isuzu® trucks, and the leading supplier of OEM parts for Kenworth, Paccar, Isuzu, Cummins, Caterpillar, and many others. As an authorized dealer and service center for Kenworth and Isuzu trucks, Central Truck Center offers one-stop shopping with heavy-duty and medium-duty truck sales, parts, service, and financing. For more, visit https://www.centraltruckcenter.com/.
About All Roads
All Roads represents one of the largest privately held, multi-channel retail and commercial services enterprises spanning over 35 locations in the Mid-Atlantic, Northeast and Ohio Valley. The company employs over 800 people and maintains 16 brands through its three operating divisions: Equipment, Trucks and Automotive. All Roads Trucks offers a unique added value to customers with a one-stop approach for sales, service, parts, mobile on-site support, financing and more for its commercial customers. For more, visit https://allroadscompany.com/.
About Chesapeake Corporate Advisors
Chesapeake Corporate Advisors, LLC (“CCA”) is a boutique investment banking and corporate advisory firm, founded in 2005, committed to serving investor-owned and closely held emerging growth and middle market companies. CCA provides strategic advisory services (value creation), investment banking services (value realization), and valuation & financial opinions to companies with revenues generally between $10 million and $200 million. For more information about Chesapeake Corporate Advisors, please visit the website at www.ccabalt.com or call 410.537.5988.