Harvest Partners Announces Acquisition of CCI Corporation by TruckPro, LLC

  Harvest Partners Announces Acquisition of CCI Corporation by TruckPro, LLC

Business Wire

NEW YORK -- August 8, 2013

Harvest Partners, LP (“Harvest”), a New York-based private equity firm,
announced today that its portfolio company TruckPro, LLC (“TruckPro”), a
leading distributor of heavy duty truck and trailer parts and repair services,
has purchased CCI Corporation (“CCI”) from Illinois Tool Works Inc. (NYSE:
ITW). Terms of the transaction were not disclosed.

TruckPro is one of the largest independent distributors of heavy duty
aftermarket truck parts and accessories in the U.S. TruckPro distributes a
full range of maintenance and repair products for heavy duty vehicles of
substantially all makes and models. The company sells its products to a
diverse, growing base of customers in numerous end markets, including small,
regional and national trucking companies, private fleets, waste services
companies, construction companies, municipalities, and independent repair
shops.

CCI is a leading network of commercial vehicle parts and service locations,
with 100 retail stores, service shops and distribution center locations in the
U.S. and Canada. CCI’s product offering includes full drivetrain, power
take-off, suspension, brakes, hydraulics and related products, as well as
repair and rebuilding services.

The acquisitionsubstantially increasesthe scale and scope
ofTruckPro’soperations. The newly combined company has 165 locations, a
truly national footprint, a significant Canadian presence and a strengthened
product and service offering in the gearing and drivetrain categories.

“The addition of CCI to TruckPro’s existing business positions TruckPro as a
leading provider of heavy duty truck and trailer products and advanced repair
services in North America,” said Steve Riordan, TruckPro’s Chairman and CEO.
“CCI has a rich history in the gear and drivetrain segments, which are an
excellent complement to the broad, heavy duty product offerings of TruckPro.
Also, TruckPro and CCI share the same culture of providing world-class
customer service, respecting our core supplier partners and treating our
associates like family.”

Thomas Arenz, Senior Managing Director at Harvest, said, “We are excited about
the many sales and customer service opportunities that result from combining
CCI and TruckPro. Consistent with Harvest’s longstanding strategy of building
value through business transformation, the transaction will extend TruckPro's
distribution footprint and expand the company’s product and service
capabilities.”

“The strategic combination of TruckPro and CCI greatly advances our vision to
establish a leading North American distribution company," said Christopher
Whalen, Managing Director at Harvest. "Our integration plan will leverage the
relative strengths of both companies – and particularly the combined
organization of over 1,800 sales, service and support associates – to create a
compelling value proposition for suppliers and customers.”

Senior debt financing for the transaction was provided by a consortium led by
Madison Capital Funding, JPMorgan Chase Bank, CIT Finance, Ally Commercial
Finance and NXT Capital. Guggenheim Corporate Funding provided subordinated
debt financing. White & Case LLP advised TruckPro.

Simon Roberts, Paige Daly, James Mitchel and Daniel Bise of Harvest Partners
also worked on the transaction.

About Harvest Partners

Founded in 1981, Harvest Partners, LP (www.harvpart.com) is a leading New
York-based private equity investment firm pursuing management buyouts and
growth financings. Harvest focuses on acquiring profitable companies in the
business services, manufacturing and distribution, industrial services,
midstream energy and consumer products and retail sectors. This strategy
leverages Harvest’s over 30 years of experience in financing organic and
acquisition-oriented growth companies.

About TruckPro

Founded in 1952, TruckPro, LLC is a leading distributor of heavy duty truck
and trailer products, and advanced repair services. Through a network of 165
retail store and advanced service repair locations, TruckPro distributes a
full range of products to support customer requirements in the areas of brake
systems, electrical, engines, gear and drivetrain, and suspension for
commercial and government customers. TruckPro is recognized for delivering
measurable value and outstanding support to its customers and suppliers alike.
Vast application expertise makes TruckPro an unbiased knowledge resource for
product information, documentation and training. For more information on
TruckPro please visit www.truckpro.com.

Contact:

Harvest Partners
Thomas W. Arenz, 212-599-6300
tarenz@harvpart.com
or
Christopher D. Whalen, 212-599-6300
cwhalen@harvpart.com
or
Owen Blicksilver Public Relations
Jennifer Hurson, 845-507-0571
jennifer@blicksilverpr.com