JASPER Holdings, Inc. Acquires Diesel USA Group, Inc.
From Local Sources
JASPER -- JASPER Holdings, Inc., the parent company of Jasper Engines and Transmissions has acquired Diesel USA
Group, Inc. headquartered in Louisville KY. The Diesel USA Group will remain a separate company and
brand as it becomes part of the JASPER ESOP.
From their locations in Louisville, KY; Cincinnati, OH;
Columbus, OH; Indianapolis, IN; Fort Wayne, IN; Crown Point, IN; and Fontana, CA, Diesel USA Group 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.
The transaction was completed on May 31st, acquiring the company from the Bailey family which has
owned the company since its inception in 1950 by Lloyd A. Bailey. The current leadership team at Diesel
USA Group will continue to lead and operate the company. Diesel USA Group and JASPER will operate
independently of each other as they work together as part of JASPER Holdings, Inc.
JASPER has been in the air and fuel business as part of their diesel remanufacturing process since the late
1960s. 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 K. Miller, president of the
Diesel USA Group, Inc.
The Diesel USA Group of companies was founded in 1950 by Mr. Bailey, a "D-Day" veteran of the landing
on Omaha Beach, in Normandy, France in 1944. As the post-war era in America led to great prosperity, the
role of the diesel engine became increasingly important.
The Diesel USA Group of companies played a
significant part of the nation's diesel service industry and its infrastructure by specializing in the repair and
remanufacturing of complicated fuel injection and turbocharger assemblies commonly found on all diesel
engines.
The business then grew into distributing new OEM air and fuel products for several manufacturers.
This acquisition further diversifies the brands of JASPER Holdings, Inc. Jasper Engines and Transmissions
is the nation's largest remanufacturer of drivetrain components with five manufacturing locations, two
distribution centers, and 47 nationwide branch locations.
In 2014, JASPER acquired Weller Truck Parts
headquartered in Grand Rapids, MI, increasing the number of present-day Associate Owners to nearly 3,400
among the companies.