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Platinum Equity Nears $500 Million Deal for TruckPro

General Views of King's Highway 401

Photographer: Brent Lewin/Bloomberg

Platinum Equity is in talks to buy heavy duty truck parts retailer TruckPro for about $500 million from Harvest Partners, according to people familiar with the matter.

The private equity firms could announce a deal for the Cordova, Tennessee-based company as soon as next week, said the people, who asked to not be identified because the matter isn’t public. No decision has been made and talks could fall through, the people said.