Stellar Industries Inc. has signed a Letter of Intent to purchase the assets of American Crane Inc. (ACI) and Tire Trucks International (TTI).
Owned by John Collins, ACI and TTI are located in Garner, Iowa.
“We have had an ongoing relationship with John over the years and we are pleased that he has chosen us to acquire his businesses,” said Dave Zrostlik, president of Stellar Industries. “John has been very instrumental to the tire service industry, and we look forward to building upon his legacy as he begins his transition into retirement.”
The purchase is expected to be complete within 90 days.