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Big-rig seller Stoops to unload six-location dealership

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Indianapolis big-rig dealer Jeff Stoops is poised to sell his truck and trailer business to Truck Country, a top Freightliner dealer based in Dubuque, Iowa.

Truck Country parent McCoy Group has a purchase agreement with Stoops Freightliner-Quality Trailer to acquire all six of its dealership locations in Indiana and Ohio on or about July 1, said Ann Miller, marketing director for McCoy Group. Truck Country has 12 locations in Iowa and Wisconsin.

Stoops will stay with the company as president of Stoops Freightliner to ease the transition, Miller said. McCoy Group will operate Stoops Freightliner as a division and keep its name and all employees.

The pending deal with Truck Country was announced within the companies Thursday. Stoops did not return messages seeking comment Thursday and Friday. Terms of the deal were not disclosed.

A former teacher and trucking entrepreneur, Stoops acquired the Freightliner dealership in 1988 and by 2013 had grown it into a $323.1 million business with 563 employees, according to a forthcoming IBJ list of the state's largest private companies.

According to its website, Stoops Freightliner specializes in truck and trailer sales, heavy-duty parts and service, truck accessories, and collision repair for commercial trucks.

Stoops’ first business, Stoops Express, in 1981 ranked at the top of Inc. magazine’s first list of fastest-growing companies. Stoops was 34 years old at the time.

He sold the Daleville-based trucking company in 1986 to Burlington Northern Railroad and then bought the Freightliner dealership after a brief retirement.

The dealership celebrated its 25th anniversary last year. At the time, Stoops said he employed 65 technicians in Indianapolis and 140 mechanics throughout the system.

Truck sales suffered along with the trucking industry during the recession, which killed many driver-owned businesses, Miller said. With the economy rebounding, truck sales have also improved, she said. 

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  1. So much for Eric Holder's conversation about race. If white people have got something to say, they get sued over it. Bottom line: white people have un-freer speech than others as a consequence of the misnamed "Civil rights laws."

  2. I agree, having seen three shows, that I was less than wowed. Disappointing!!

  3. Start drilling, start fracking, and start using our own energy. Other states have enriched their citizens and nearly elminated unemployment by using these resources that are on private land. If you are against the 'low prices' of discount stores, the best way to allow shoppers more choice is to empower them with better earnings. NOT through manipulated gov mandated min wage hikes, but better jobs and higher competitive pay. This would be direct result of using our own energy resources, yet Obama knows that Americans who arent dependent of gov welfare are much less likely to vote Dem, so he looks for ways to ensure America's decline and keep its citizens dependent of gov.

  4. Say It Loud, I'm Black and Ashamed: It's too bad that with certain "black" entertainment events, it seems violence and thuggery follows and the collateral damage that it leaves behinds continues to be a strain on the city in terms of people getting hurt, killed or becoming victims of crimes and/or stretching city resources. I remember shopping in the Meadows area years ago until violence and crime ended make most of the business pack you and leave as did with Lafayette Square and Washington Square. Over the past 10 to 12 years, I remember going to the Indiana Black Expo Soul Picnic in Washington Park. Violence, gang fights and homicides ended that. My great grandmother still bears the scares on her leg from when she was trampled by a group of thugs running from gun fire from a rival gang. With hundreds of police offices downtown still multiple shootings, people getting shot downtown during Black Expo. A number of people getting shots or murdered at black clubs around the city like Club Six on the west side, The Industry downtown, Jamal Tinsley's shot out in front of the Conrad, multiple fights and shootings at the skating rinks, shootings at Circle Center Mall and shooting and robberies and car jackings at Lafayette Mall. Shootings and gang violence and the State Fair. I can go on and on and on. Now Broad Ripple. (Shaking head side to side) Say It Loud, I'm Black and I'm Ashamed.

  5. Ballard Administration. Too funny. This is the least fiscally responsive administration I have ever seen. One thing this article failed to mention, is that the Hoosier State line delivers rail cars to the Amtrak Beech Grove maintenance facility for refurbishment. That's an economic development issue. And the jobs there are high-paying. That alone is worth the City's investment.

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