TransAxle is closing all 13 locations and laying off workers due to failed buyer search

From Yahoo Finance: 2025-05-28 17:19:00

TransAxle LLC will close all 13 locations in the U.S. and lay off 209 workers by the end of August. The company failed to find a buyer and is preparing to cease operations. Impacted job titles include drivers, mechanics, and warehouse associates. The company was once a major distributor of auto parts for medium- and heavy-duty trucks on the East Coast. Founded in 1979, it was acquired by Graham Partners in 2006 and later by Crossplane Capital in 2020.



Read more at Yahoo Finance: Heavy-duty truck parts maker, distributor to close after 46-year run