Jasper Holdings Inc., parent company of Jasper Engines & Transmissions, has acquired the Diesel USA Group of Louisville, KY from the Bailey Family, which has owned the company since its inception in 1950. Financial terms of the transaction were not disclosed.
Diesel USA is a distribution, service and repair company servicing air and fuel products for gas and diesel engines, along with a variety of other complementary products. It has locations in Louisville; Cincinnati; Columbus; Indianapolis; Fort Wayne, IN; Crown Point, IN; and Fontana, CA. Diesel USA will remain a separate company and brand as it becomes part of the Jasper ESOP.
The current leadership team at Diesel USA will continue to lead and operate the company.
“Diesel USA Group is a respected brand with a great team. We are excited about the growth opportunities for the products and services they offer, and feel they will be a great addition to the Jasper ESOP,” Jasper President Zach Bawel said in an announcement dated June 11. “With this acquisition, it enables us to continue to diversify our family of companies while remaining committed to an industry we understand.”