Packer City International Trucks acquires Schultz Equipment & Parts

This transaction was completed under Taureau Group’s former name, Schenck M&A Solutions.

In February 2016, Schenck M&A Solutions and Packer City International Trucks, Inc. announced that Packer City has acquired the assets of Schultz Equipment & Parts Co. of Iron Mountain, Michigan. Schenck M&A Solutions advised Packer City on this transaction. 

Schultz Equipment & Parts is one of the Upper Peninsula's largest medium- and heavy-duty truck dealers and service centers. Packer City President Bob Renkens said the acquisition gives the company a fourth location along with its locations in Green Bay, Shawano and Appleton. Renkens also said it will strengthen Packer City's position in the industry.

"Our associates and their passion for success define who we are.  The culture of teamwork, personal development, commitment and integrity underscores how we do business," Renkens said in a media release. "That will continue as we move forward, and we are excited about the opportunities presented by this acquisition."

About Packer City International Trucks, Inc. 

Founded in 1982, Packer City International Trucks is a Wisconsin-based market leader in the medium- and heavy-duty truck segments. It supports International truck products, Isuzu LCF truck product, Idealease fleet, IC Bus parts and service and Workhorse trucks. For more information, visit www.pcitrucks.com. 

About Schultz Equipment & Parts Co.

Schultz Equipment is the U.P.'s largest full-service heavy- and medium-duty truck dealer. In business since 1963, Schultz has been a full-line Navistar International truck dealer since 1974. Its product line includes a full-line of International school busses, Prentice log loaders, Idealease trucks and a large selection of used trucks. Schultz specializes in a full-range of repairs including engine rebuilding, wheel alignments, body shop and custom welding and fabrications.