Jasper Holdings Inc., the parent company of Jasper Engines and Transmissions, has acquired Diesel USA Group Inc., headquartered in Louisville, Kentucky.
The current leadership team at Diesel USA Group will continue to lead and operate the company independently of Jasper.
Over the past several years, Jasper has focused more on this product line and recognizes opportunities with the increased use of turbochargers on passenger cars, light trucks and SUVs.
“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,” said Zach Bawel, Jasper president. “With this acquisition, it enables us to continue to diversify our family of companies while remaining committed to an industry we understand.”
“The business relationship between Jasper and Diesel USA Group dates back to the 1960s. We have always admired their disciplined approach to business and the very nature of their products. It is an honor to be a part of the process of blending our companies as we set our sights upon growth for our valued suppliers and our fellow Associate Owners. These are exciting times for all of us,” said Jay Miller, president of the Diesel USA Group, Inc.
Jasper Engines and Transmissions has five manufacturing locations, two distribution centers, and 47 nationwide branch locations.