A Beavercreek company that customizes powerful diesel-powered trucks will be expanding to Dayton in what will soon be a former tool and die shop.
An investment company tied to XTP Diesel & Offroad last week purchased the Stanley Avenue home of Estee Mold & Die in Dayton for $525,000, Montgomery County property records show.
Troy Shepherd — who runs Beavercreek truck builder and parts shop XTP — said his business has been growing rapidly, and he needs a more central location that offers ample parking.
His customers hail from Cincinnati, Columbus and beyond. The Estee shop is closer to Interstate 75
“To date, I haven’t really positioned our company,” Shepherd said Thursday. “We’ve been more of a destination location. Our business is busting at the seams.”
Davis and Davis Tool LLC sold the building at 1467 Stanley along with two parcels of land, amounting to about an acre, to Shepherd Investment Group Inc., a Xenia company linked to Shepherd.
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Tom Kretz, of Berkshire Hathaway Home Services, represented XTP in the transaction. Dave Tobeson, of Cushman and Wakefield, represented Estee.
XTP specializes in customizing trucks powered by Cummins and Duramax engines. The Duramax power plant is made here in a Moraine factory, by DMAX, a joint venture owned by both General Motors and Isuzu.
Estee will consolidate its operations at a sister company, First Tool Corp., 612 Linden Ave., Kretz said. The business will have an June 14 auction to auction off surplus equipment at the Stanley Avenue Estee location.
XTP offers custom parts, lift kits, diesel repair and more.
Its Beavercreek location, 4120 Industrial Lane, will be closed, Shepherd said.
“We will move all operations under one roof to Dayton,” he said.
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