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About VIPAR Heavy Duty

VIPAR Heavy Duty is North America's leading network of independent aftermarket truck parts distributors. VIPAR Heavy Duty distributors serve the needs of their customers from over 500 locations across the United States, Canada, Puerto Rico, and Mexico. VIPAR Heavy Duty distributors are specialists who understand the demands of their local, regional, and national customers for quality parts and exceptional service.

VIPAR Heavy Duty Headquarter Location

760 McArdle Ave Suite D

Crystal Lake, Illinois, 60014,

United States

815-788-1700

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Latest VIPAR Heavy Duty News

VIPAR Heavy Duty gives update on parts sourcing, other initiatives at conference

Oct 19, 2021

Oct 18, 2021 VIPAR Heavy Duty President and CEO Chris Baer speaks Monday at the opening general session of the group's 2021 IMPACT Conference in Marco Island, Fla. After two long years away, VIPAR Heavy Duty’s IMPACT Conference returned this week with a hybrid event at the JW Marriott in Marco Island, Fla. In its kickoff general session Monday, the team at VIPAR Heavy Duty wasted little time diving into the changes the organization has experienced since its  last meeting  in Texas in 2019. COVID-19 and its endless business disruptions have unquestionably challenged VIPAR Heavy Duty and its stockholders, but the last two years also have enabled the group to assess, analyze and improve its operations. And with the supply chain under more scrutiny than ever before, President and CEO Chris Baer says VIPAR Heavy Duty’s organizational updates have made the company more agile and essential to North American commerce. “Everyone in this room, your stock has gone up over these last two years,” he says. “We all know well the importance you play in keeping business moving.” Yet while Monday’s session was expectedly heavy on supplier relations, it wasn’t the only area of emphasis. Chairman Bill Nolan, president of PBS Truck Parts and CommPar, says VIPAR’s stockholders also tasked the group with a substantial number of initiatives pre-COVID to help maintain ‘True Group Value’ that are beginning to come to fruition. From updating the group’s order management system and strengthening its Global Parts Network business, to further development of its PARTSPHERE  Digital Ecosystem, VIPAR Heavy Duty has invested heavily in resources and technology to enable its members to remain competitive in the aftermarket for decades to come. “We will change and continue to adapt to whatever is coming toward us,” he says. Among the changes highlighted Monday was the group’s proactive response to the ongoing parts shortage crisis . Vice President of Program Management Larry Griffin says VIPAR Heavy Duty has dramatically increased lines of communication with existing vendor partners, onboarded new vendors after careful evaluation and developed an in-house supplier update tool for stockholders to stay abreast of product news and delays. He also notes that while fill rates remain historically low, VIPAR Heavy Duty’s efforts have enabled its nearly 700 points of sale to keep pace with and/or exceed inventory levels seen by dealers and other aftermarket competitors. Group health and cohesiveness also was addressed during Monday’s session. Vice President of Business Development Jim Pennig says VIPAR Heavy Duty has added two stockholders in 2021 and is up nearly 9 percent in total storefronts the last five years. Pennig attributes the footprint increase to VIPAR’s investment in succession planning and exit planning educational programs designed to encourage retiring stockholders to consider in-network transitions. He says while the group continues to look for potential new stockholders, it also is committed to working with existing members to ensure VIPAR’s network remains robust as ownership groups turn over in the years ahead. Monday’s session concluded with updates on information technology and marketing from department vice presidents Andrei Katibnikov and Jeff Paul.

VIPAR Heavy Duty Acquisitions

1 Acquisition

VIPAR Heavy Duty acquired 1 company. Their latest acquisition was Power Heavy Duty on January 06, 2014.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

1/6/2014

$99M

Acquired

1

Date

1/6/2014

Investment Stage

Companies

Valuation

$99M

Total Funding

Note

Acquired

Sources

1

VIPAR Heavy Duty Partners & Customers

3 Partners and customers

VIPAR Heavy Duty has 3 strategic partners and customers. VIPAR Heavy Duty recently partnered with Falcon on October 10, 2018.

Date

Type

Business Partner

Country

News Snippet

Sources

10/16/2018

Partner

1

6/8/2015

Licensor

United States

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10

3/21/2013

Supplier

United States

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10

Date

10/16/2018

6/8/2015

3/21/2013

Type

Partner

Licensor

Supplier

Business Partner

Country

United States

United States

News Snippet

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Sources

1

10

10

VIPAR Heavy Duty Team

1 Team Member

VIPAR Heavy Duty has 1 team member, including former Chief Executive Officer, President, Executive Vice President, Steve Crowley.

Name

Work History

Title

Status

Steve Crowley

Chief Executive Officer, President, Executive Vice President

Former

Name

Steve Crowley

Work History

Title

Chief Executive Officer, President, Executive Vice President

Status

Former

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