The Herald Bulletin

Morning Update

Local Business

June 5, 2014

Stoops: No jobs lost in sale of business

ANDERSON — Jeff Stoops, owner and founder of Stoops Freightliner-Quality Trailer, says no local jobs will be lost during an acquisition of his company by McCoy Group out of Dubuque, Iowa.

“We are keeping all of the people,” Stoops said.

McCoy Group, whose subsidiaries include Truck Country, is a three-generation owned company that plans to take ownership of the Anderson location on July 1.

Stoops said his company, headquartered in Indianapolis, is one of the largest Freightliner dealerships in North America and he has been in discussions with the McCoy Group for the last three or four years.

“They have been business friends and we have stayed close,” he said.

Stoops Freightliner Anderson, 6105 Columbus Ave., provides truck services and sales consultation for the company. The company specializes in truck and trailer sales, heavy-duty parts and service, truck accessories and collision repair of commercial trucks in Indiana and Ohio.

The Anderson location employs between 55 and 60 people, Stoops said.

He said the sale of the Stoops Freightliner dealership includes six locations, Stoops NationaLease and JES Leasing.

The McCoy Group plans to operate Stoops Freightliner as a division keeping the company name in addition to all of its employees. Stoops said he will stay with the company following its sale to assist with transitions.

“I’m sticking another 12-18 months during the transition,” Stoops said.

The acquisition by McCoy Group creates 18 full-service Freightliner dealerships operating in Indiana, Ohio, Wisconsin and Iowa.

Like Traci L. Moyer on Facebook and follow her @moyyer on Twitter, or call 648-4250.

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