Interstate Companies
Interstate Companies is a privately held, Eagan, MN-based industrial conglomerate distributing and servicing heavy-duty trucks, diesel/gas engines, industrial bearings, power generation equipment, and custom vehicle upfits through five divisions across 14 U.S. states.
- Company typePrivate
- Founded1957
- HeadquartersBloomington, United States
- Headcount1,001–5,000
- GTM typeB2B
- OfferingServices
What Interstate Companies does
Interstate Companies, Inc. is a privately held industrial distribution and service conglomerate headquartered in Eagan, Minnesota, founded in 1957 as one of the first Detroit Diesel and Allison Transmission distributors. The company operates through five core divisions: Interstate Power Systems (diesel/gas engine and transmission distribution and service for on- and off-highway, marine, power generation, transport refrigeration, and OEM applications), Interstate Bearing Systems (industrial bearings, power transmission products, electrical products, conveyor service, gearbox repair), Interstate Energy Systems (diesel and gas generator design, build, sales and support), Interstate Assembly Systems (custom vehicle upfitting and final-stage manufacturing), and I-State Truck Centers (heavy-duty truck sales, service and parts). It serves end markets including construction, agriculture, mining, manufacturing, energy, marine, transportation, and government across 14 U.S. states through over 40 branch facilities, with 1,001-5,000 employees.
The business model is B2B distribution and aftermarket service. Revenue is generated through one-time equipment sales (trucks, engines, generators, bearings, power transmission components) plus recurring service revenue (OEM-certified maintenance, repair, preventative maintenance contracts, 24/7 emergency service, contract assembly, and industrial labor). Authorized distributor relationships with major OEMs — Allison Transmission, Detroit Diesel, Deutz, MTU (Rolls-Royce), Volvo Penta, Carrier Transicold, Rehlko, Atlas Copco, and Liebherr — underpin the offering, supported by hundreds of factory-trained technicians. Go-to-market is primarily sales-led through direct branch and field sales teams, supplemented by division websites, LinkedIn/Facebook presence, and trade media.
Growth has come through a combination of greenfield facility expansion (Sioux Falls, Cheyenne, Portage, St. Joseph, West Sacramento, Marshfield between 2023 and 2026), acquisitions of Inland Power Group (2015, five Midwest locations) and Lodi Truck & Equipment (2022, California entry), and exclusive product partnerships such as DustGuard engine protection. The company is family-controlled through CEO Travis Penrod, with no institutional investment, PE ownership, or public listing. All revenue figures are private and not disclosed; recurring revenue is implied through service contracts, warranty work, and branch-based parts flow rather than disclosed quantitatively.
Interstate Companies firmographics
Firmographics- Name
- Interstate Companies
- Legal name
- Interstate Companies, Inc.
- Website
- https://istate.com
- Company type
- Private
- Founded year
- 1957
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Interstate Companies is a privately held, Eagan, MN-based industrial conglomerate distributing and servicing heavy-duty trucks, diesel/gas engines, industrial bearings, power generation equipment, and custom vehicle upfits through five divisions across 14 U.S. states.
- Ownership category
- akta.pro rank
Interstate Companies industry classification
Industry- Product category
- Industrial Equipment Distribution and Services
- NAICS
- Motor Vehicle Manufacturing (3361), Industrial Machinery Manufacturing (33324)
- SIC
- Wholesale-Motor Vehicle Supplies & New Parts (5013), Wholesale-Industrial Machinery & Equipment (5084), General Industrial Machinery & Equipment (3560)
- akta.pro primary industry
- Truck Body & Upfitting Manufacturing (Box Bodies/Service Bodies/Cranes/Liftgates) (IMACABAI)
- akta.pro secondary industries
- Class 7–8 Heavy-Duty Truck & Tractor Manufacturing (IMACABAC), Material Handling & Industrial Lift Vehicle Manufacturing (Forklifts/Telehandlers/Reach Stackers) (IMACAFAD), Off-Highway Vehicle Cabs, Frames & Attachments Manufacturing (Cabs/Booms/Buckets/Implements) (IMACAFAL)
Keywords
Where Interstate Companies is headquartered
LocationHeadquarters
- HQ city
- Bloomington
- HQ country
- United States
- HQ region
- North America
Offices9 records
Markets served
Interstate Companies business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Marketing or Sales, Infrastructure
Revenue model
- Truck Distribution and Sales: Distribution, sales and support of heavy-duty trucks through I-State Truck Centers division.
- Engine and Transmission Sales/Service: Sales, service and support of diesel engines, transmissions, and related components for on-highway and off-highway applications.
- Industrial Bearing and Power Transmission Products: Distribution of bearings, seals, power transmission products, electrical products, and related components to industrial customers.
- Power Generation Systems: Design, build, sell and support diesel and gas generators through Interstate Energy Systems.
- Vehicle Assembly and Upfitting: Custom vehicle upfits and contract assembly services through Interstate Assembly Systems.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
Interstate Companies product offering
Product offeringCore offering
Interstate Companies is a privately held industrial conglomerate that distributes, sells, and services heavy-duty trucks, diesel and gas engines, industrial transmissions, industrial bearings, power transmission products, generators, transport refrigeration equipment, and provides custom vehicle upfitting and final-stage manufacturing services. It operates through five core divisions (I-State Truck Centers, Interstate Power Systems, Interstate Bearing Systems, Interstate Energy Systems, and Interstate Assembly Systems) supported by OEM-authorized parts and certified factory-trained technicians across roughly 40 facilities in 14 U.S. states.
Product overview
Interstate Companies is an industrial conglomerate that operates as a platform of diverse business divisions providing distribution, sales, service, and support of heavy-duty trucks, diesel engines, industrial bearings, power transmission products, industrial transmissions, power generation equipment, and transport refrigeration products. The company operates through five main divisions: Interstate Power Systems (engine, transmission, and power generation distribution and service), Interstate Bearing Systems (industrial bearings and power transmission products), Interstate Energy Systems (diesel and gas generator solutions), Interstate Assembly Systems (custom vehicle upfitting and final-stage manufacturing), and I-State Truck Centers (heavy-duty truck sales and service). The divisions share training, knowledge, and resources to provide end-to-end solutions across industries including agriculture, construction, energy, manufacturing, mining, marine, power generation, and transportation throughout the Midwest, Rocky Mountain, West, and Southwest regions of the United States.
Differentiator
Problem solved
Functional benefit
Brands
- Pride In Service: Company motto and service brand emphasizing knowledgeable professionals who listen and deliver customized solutions
- Second Step Foundation
Products and services
- I-State Truck Centers Heavy-duty truck sales, service, and parts distribution for commercial trucking operations, including on-highway and vocational trucks, offering maintenance, repairs, and parts support.
- Interstate Power Systems Core division of Interstate Companies providing authorized distribution, sales, and service of on- and off-highway diesel engines, transmissions, power generation, marine engines, transport refrigeration, and OEM equipment across multiple industrial end markets in 12 states.
- Interstate Bearing Systems Industrial distribution of bearings, seals, power transmission products, electrical products, conveyor systems components, and related services with OEM brands including SKF, Timken, Koyo, Gates, Regal Rexnord, Martin Sprocket, and WEG, serving aggregate, mining, food and beverage, industrial machinery, oil and gas, and wastewater customers.
- Interstate Energy Systems Designs, builds, sells, and supports mission-critical diesel and gas generators along with renewable energy solutions, offered through authorized partnerships with MTU (Rolls-Royce Power Systems) and Rehlko.
- Interstate Assembly Systems Custom vehicle upfits and final-stage manufacturing of commercial vehicles, including custom design, build, and work-ready spec trucks supported by an engineering team handling concepts, designs, and product development.
- On-Highway Truck Service Sales, service, and support for on-highway truck engines and transmissions through Interstate Power Systems, including parts ordering and maintenance services for vocational trucks.
- Power Generator Sales, Service, and Maintenance Power generation sales, service, and maintenance including generator installation, repair, and preventative maintenance contracts through Interstate Power Systems.
- Transport Refrigeration Transport refrigeration sales, service, and parts support for refrigerated transportation equipment through authorized Carrier Transicold distribution.
- Marine Engine and Generator Services Marine engine sales, service, and support including marine generator sets, parts, and service for inland waterway applications, supplied through authorized Volvo Penta and Rehlko (Kohler) distribution.
- Conveyor Service and Repair Conveyor belt systems service including emergency repairs and maintenance programs, with capability to repair belts up to 120 inches wide, serving mining, construction, asphalt milling, quarry, agricultural, and energy industries.
- Construction Equipment Service Sales, service, and parts support for heavy construction equipment through Interstate Power Systems.
- Mining Equipment Service Sales, service, and parts support for mining equipment including engines, transmissions, and heavy equipment maintenance, alongside DustGuard engine protection products for high horsepower off-highway engines.
- Industrial Bearings and Shaft Components Industrial bearings including ball, cylindrical, needle, spherical, tapered, thin section, and thrust bearings along with shaft components, seals, and maintenance products from manufacturers including SKF, Timken, and Koyo, distributed through Interstate Bearing Systems.
- Power Transmission Products Power transmission components including belts, chain, couplings, gear reducers, conveying equipment, hose and couplings, and open gearing from manufacturers including Gates, Regal Rexnord, and Martin Sprocket, distributed through Interstate Bearing Systems.
- Industrial Electrical Products Electrical products including actuators, electric motors (AC, DC, explosion proof, premium efficiency, washdown), submersible pumps, and variable frequency drives from manufacturers including WEG, distributed through Interstate Bearing Systems.
- OEM Services and Custom Engineering Original equipment manufacturer support including parts and service for OEM equipment, engineering support, and custom solution development through Interstate Power Systems.
Quantifiable outcome
- Over 800,000 people fed through Second Step Foundation food bank donations across 2021-2025
Companies that use Interstate Companies
Customer profileNamed customers8 records
Segments3 records
Ideal customer profiles5 records
Interstate Companies technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Interstate Companies partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered core and minor.
- DustGuard CorpcoreExclusive distribution partnership for DustGuard engine protection products monitoring combustion air for dust particles in high horsepower off-highway engines. Covers U.S. Western and Mid-West markets for mining, oil and gas, and construction segments. DustGuard also offers CabGuard for cab monitoring and RoadGuard for haul truck monitoring.
- Montana State University Northern (MSUN)minorIPS Billings donated trainer engine worth over $100,000 to MSU-Northern Diesel Program. Donation includes 250+ hours of custom fabrication work, wiring harness, control box, skid and battery charging system. IPS technicians provide faculty training on engine programming and components.
- Allison TransmissioncoreAuthorized Allison Transmission distributor providing sales, service, parts, and support for automatic transmissions. IPS offers Allison parts ordering, maintenance, and overhaul services.
- Detroit DieselcoreOne of the first Detroit Diesel distributors since 1957. Authorized sales and service provider.
- DeutzcoreAuthorized Deutz engine distributor providing parts ordering, dealer resources, and training support.
- MTU (Rolls-Royce Power Systems)coreAuthorized MTU distributor offering power generation products, On-Site Power Generation services, and MTU generator sales and service.
- Volvo PentacoreAuthorized Volvo Penta distributor for marine diesel and gasoline engines, providing parts, service, training, and warranty support.
- Carrier TransicoldcoreAuthorized Carrier Transicold distributor for transport refrigeration products and service.
- Rehlko (formerly Kohler Power Systems)coreAuthorized Rehlko marine generator set distributor, parts provider, and service partner. Expanded territory for inland waterways includes Illinois and Missouri.
- Engines Inc.corePartner with Kohler/Rehlko for expanded inland waterway service territory. Engines Inc. covers Kansas and parts of Southern Kentucky; IPS covers Illinois and Missouri.
- Atlas CopcocoreAuthorized distributor for Atlas Copco equipment providing sales and service support.
- LiebherrcoreAuthorized Liebherr distributor providing equipment sales and service support.
Scale indicators5 records
Recent moves13 records
Expansion highlights5 records
Interstate Companies competitors and assessment
Company assessmentBroad incumbents
- Astec Industries: Manufacturer of equipment for infrastructure (asphalt, aggregates, infrastructure) and energy markets. Comparable to Interstate Assembly Systems given shared vocational truck and equipment customer base in construction and infrastructure end markets.
- Cummins: Global manufacturer of diesel and natural gas engines, power generation systems, and related components. Comparable to Interstate Power Systems and Interstate Energy Systems as the upstream OEM whose products Interstate distributes, services, and supports — Cummins' distributor network strategy directly impacts Interstate's economics.
- Genuine Parts Company: Large diversified distributor of automotive and industrial replacement parts through NAPA Auto Parts and Motion Industries. Broad incumbent comparable to Interstate given overlapping industrial distribution, bearings, and PT product categories, though much larger and more diversified across consumer auto and industrial.
- W.W. Grainger: Large broad-line industrial MRO distributor serving customers across all U.S. regions. Adjacent incumbent that competes with Interstate Bearing Systems for industrial customers' maintenance spend, though Grainger's catalog model differs from Interstate's technical service-driven model.
Emerging players
- Heico Companies: Privately held diversified industrial conglomerate holding dozens of manufacturing and distribution businesses across multiple sectors. Comparable to Interstate Companies' structure as a private, multi-division industrial platform with shared corporate resources and acquisition-driven growth.
Direct peers
- DXP Enterprises: Distributor of rotating equipment, bearings, power transmission, and industrial services including repair and fabrication. Comparable to a combination of Interstate Bearing Systems and Interstate Power Systems given the multi-product industrial distribution model and technical service offering.
- Toromont Industries: Canadian Caterpillar dealer and industrial distributor operating heavy equipment, power systems, and material handling divisions. Comparable to Interstate Power Systems and Interstate Energy Systems given the shared Caterpillar-equivalent OEM distribution, power generation focus, and multi-division industrial platform structure.
- MRC Global: Distributor of pipe, valves, fittings, and related industrial products serving energy, industrial, and gas utility markets. Comparable to Interstate Bearing Systems as a multi-product industrial MRO distributor with technical service capabilities and a branch network model.
- Applied Industrial Technologies: Distributor of industrial bearings, power transmission products, rubber products, and fluid power components across North America. Closest direct comparable to Interstate Bearing Systems given the shared focus on bearings, PT, and industrial MRO distribution.
- Rush Enterprises: The largest network of commercial truck dealerships in North America, operating Peterbilt, International, and Hino stores. Most directly comparable to I-State Truck Centers given the shared model of authorized heavy-duty truck sales, service, and parts distribution with a multi-state branch footprint.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Interstate Companies social profiles
Digital presenceInterstate Companies compliance and trust
Trust signalCompliance5 records
Interstate Companies financial estimates
Financial estimateRevenue estimate
Valuation estimate
Interstate Companies leadership team
Management profileNumber of profiles
Profiles11 records
Interstate Companies subsidiaries and ownership
Company hierarchySubsidiaries8 records
Interstate Companies funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Interstate Companies M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Interstate Companies
What does Interstate Companies do?
Interstate Companies is a privately held industrial conglomerate that distributes, sells, and services heavy-duty trucks, diesel and gas engines, industrial transmissions, industrial bearings, power transmission products, generators, transport refrigeration equipment, and provides custom vehicle upfitting and final-stage manufacturing services. It operates through five core divisions (I-State Truck Centers, Interstate Power Systems, Interstate Bearing Systems, Interstate Energy Systems, and Interstate Assembly Systems) supported by OEM-authorized parts and certified factory-trained technicians across roughly 40 facilities in 14 U.S. states.
Is Interstate Companies a public or private company?
Interstate Companies is a private company. It is classified as family owned and is currently operating.
When was Interstate Companies founded?
Interstate Companies was founded in 1957. It employs 1,001 to 5,000 people.
Where is Interstate Companies based?
Interstate Companies is headquartered in Bloomington, United States, in the North America region.
How does Interstate Companies make money?
Five revenue lines are on record. Truck Distribution and Sales are the primary driver. The others are engine and Transmission Sales/Service, industrial Bearing and Power Transmission Products, power Generation Systems and vehicle Assembly and Upfitting.
Who are Interstate Companies's main competitors?
Broad incumbents on record are Astec Industries, Cummins, Genuine Parts Company and W.W. Grainger. Heico Companies is listed as an emerging player. Direct peers are DXP Enterprises, Toromont Industries, MRC Global, Applied Industrial Technologies and Rush Enterprises.
Does Interstate Companies have an API?
No public API is recorded for Interstate Companies.
What industry is Interstate Companies in?
Interstate Companies's product category is Industrial Equipment Distribution and Services. Its primary akta.pro industry code is IMACABAI, Truck Body & Upfitting Manufacturing (Box Bodies/Service Bodies/Cranes/Liftgates), with a secondary code of IMACABAC, Class 7–8 Heavy-Duty Truck & Tractor Manufacturing. Its NAICS code is 3361 and its SIC code is 5013.