HOUSTON--(BUSINESS WIRE)--Houston-based Leslie Doggett Industries through its Doggett Truck Group has acquired privately-held Truck Centers of Arkansas, giving Doggett distribution rights for all Freightliner and Western Star branded trucks and parts for most counties in the State of Arkansas with full service sales and leasing dealerships in Little Rock, Fayetteville and Van Buren. Doggett will operate these dealerships under the name Doggett Freightliner of Arkansas. Sources familiar with the transaction report the purchase price to be $103+ million. Doggett’s General Counsel, William Doggett, said, “the Doggett Truck Group, headed by Paul Burk, will bring a new intensity to the Arkansas dealerships. We have a long history of buying companies and dramatically improving morale, processes, and market share growth, all through a laser focus on customer service. This acquisition is particularly exciting for Doggett, because we know exactly how to improve these dealerships.”
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Meet the Houstonian behind a billion-dollar company that's 'quietly crushing it'
Leslie Doggett, CEO and owner of Houston-based Doggett Industries, sorted rocks as his first job. It wasn't fun.
When he was 13, Doggett followed his dad, a plaster contractor, out to Houston construction sites and picked up big and small rocks to hand over to workers creating plaster. Years later, Doggett realized while attending the University of Texas at Austin that he didn't want to work on construction sites doing what his father did. He wanted to build something big.
After leaving his job in the oil and gas business, Doggett returned home and met up with his business partner, Brady Carruth, in Houston in 1993. The two heard about a deal over lunch at a Chinese restaurant with a mergers and acquisitions lawyer. The lawyer told them that Toyota Lift of Houston, a forklift dealer, was for sale. The company employed 18 people, was underperforming and was going for book value. Doggett didn't have enough money, so Carruth financed both halves of the company himself and the ownership was split 50-50.
Read the full story Here.
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Leslie Doggett Buys Lone Star Ford
HOUSTON, May 3, 2018 /PRNewswire/ -- Houston-based Leslie Doggett Industries' affiliate the Doggett Auto Group has purchased one of Houston's oldest and largest Ford dealerships, Lone Star Ford (8477 North Freeway, between the North Loop 610 and Beltway 8 on I-45 North) from North Carolina-based Sonic Automotive Inc. (NYSE: SAH) for an undisclosed amount effective May 1, 2018. On July 31, 2018, Doggett will move the store to 9115 North Freeway, to the lot adjacent to Doggett's John Deere Construction and Forestry headquarters. Tony Gracely, one of the best known and well-respected figures in the automobile dealership industry, is heading up the Doggett Auto Group. Gracely said of the transaction: "Doggett's outstanding reputation as the leader in customer service and support in the commercial 18-wheeler, industrial and construction equipment industries is going to translate to success in the Ford business." Gracely continued, "Doggett has a long history acquiring units of large public companies and dramatically improving and growing those businesses with their highly-professional and family-oriented approach."
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Doggett Industries Acquires Lone Star Ford Dealership
Photo: Dave Rossman, Freelance
Doggett, one of the nation's largest heavy equipment dealers, is getting into the automotive business.
The Houston-based commercial, industrial and construction equipment dealer, acquired Lone Star Ford from North Carolina-based Sonic Automotive for an undisclosed amount on May 1.
Doggett Auto Group, an affiliate of Leslie Doggett Industries, plans to rename the dealership to Doggett Ford and move it to 9115 North Freeway, which is adjacent to Doggett's John Deere Construction and Forestry location.
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Houston Private co. Buys Ford Dealership From Sonic Automotive
Doggett Auto Group, an affiliate of Leslie Doggett Industries, has acquired Lone Star Ford in north Houston from North Carolina-based Sonic Automotive Inc.. Pictured above is the 2018 model of Ford Motor Co.'s F-150 pickup.
FORD MOTOR CO
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