Asset Purchase Announcement
On November 11, 2025, Tri-State Truck & Equipment, Inc. completed an asset purchase transferring leases and inventory from five dealership locations in Montana and Wyoming, which serve a significant portion of these states and the western panhandle of Nebraska, to TranSource. This agreement also encompasses Tri-State’s dealerships for Mack Trucks and Volvo Trucks.
TranSource Overview
TranSource, a construction equipment entity with headquarters in Sioux Falls, South Dakota, has been operating for more than 60 years. Following this acquisition, the company will expand its presence to a total of 10 locations. In the new territories of Montana and Wyoming, TranSource plans to provide articulated haul trucks, excavators, wheel loaders, rigid haulers, compact equipment, compactors, and a range of services. It will also offer a comprehensive selection of general-purpose equipment and compact machines in Nebraska, though compactors will not be included.
Expansion and Market Presence
Since 2017, TranSource has been a Volvo CE dealer in the Midwest, and this acquisition represents its second expansion into new territories this year.
Industry Expert Insight
Scott Young, Head of Region North America at Volvo CE, stated, “TranSource has consistently been a robust Volvo CE dealer, surpassing market share expectations. This expansion enhances inventory options for customers, broadens access to a larger rental fleet, and increases service capabilities. We are proud of their ongoing success.”
Company Commitment
Dan Bland, President of TranSource, expressed enthusiasm about the expansion, saying, “We’re excited to broaden our presence in these states where many of our esteemed customers are based. With our coverage extending to 10 full-service dealerships, we are in an improved position to provide responsive support, parts availability, and the equipment expertise our clients depend on, regardless of their job location.”
About Volvo Construction Equipment
Volvo Construction Equipment (Volvo CE) is a prominent international manufacturer of high-quality construction equipment, employing over 10,000 workers and standing as one of the largest companies in the sector. Volvo CE supplies a diverse array of products and services in more than 140 countries through its extensive global distribution network. As part of the Volvo Group, which focuses on enhancing prosperity through transportation and infrastructure solutions, Volvo CE emphasizes service efficiency and productivity. Established in 1927, the Volvo Group is dedicated to shaping the future of sustainable transportation and infrastructure solutions and has its headquarters in Gothenburg, Sweden. The group employs over 101,000 people and serves nearly 190 markets, generating net sales of SEK 527 billion (EUR 46 billion) in 2024. Volvo shares are traded on Nasdaq Stockholm.
Contact Information
For further inquiries, please contact:
Gregg Hennigan
Marketing Communications, Two Rivers Marketing
Email: greggh@2rm.com
Phone: 515-557-2233
Dave Foster
Corporate Communications, Volvo Construction Equipment North America, LLC
Email: dave.foster@volvo.com
Phone: 717-300-6104
Volvo Construction Equipment North America
312 Volvo Way
Shippensburg, PA 17257
Telephone switchboard: 717-532-9181
Telefax: 717-532-3408
