Transportation Components, Inc. Exercised Over-Allotment Option
1 July 1998
Transportation Components, Inc. Announces Over-Allotment Option ExercisedHOUSTON, July 1 -- Transportation Components, Inc. , also known as TransCom USA, announced today that the underwriters of its recent initial public offering exercised their over-allotment option for an additional 750,000 shares priced at $8.00. The Company completed its initial public offering on June 19, 1998, selling 5,000,000 shares of common stock at $8.00 per share. The offering was lead managed by Bear Stearns & Co. Inc., with BT Alex. Brown, and Sanders Morris Mundy as co-managers. TransCom USA is a leading national distributor of replacement parts and supplies for commercial trucks, trailers, and other heavy duty vehicles and equipment. The Company also provides value added services including remanufacturing, vehicle repair, fleet maintenance management, and machine shop services. With over sixty locations in the U.S. and Mexico, TransCom USA's customer base includes common carriers, private and rental fleets, independent repair shops, specialty OEMs and other end users.