Printer Friendly

P&S Transportation takes over Purdy Brothers, Loudon County.

MANews-(C)2009-2014

22 October 2014 - US transportation company PS Logistics Ltd announced that its portfolio firm P&S Transportation had purchased Purdy Brothers Trucking and Loudon County Trucking without disclosing financial specifics.

The acquisition will expand P&S' clients base, its trucking terminals and lanes and will add 220 new drivers, 210 tractor trucks and over 500 trailers to its fleet, the company said in its statement. The transaction will also allow the company to enter the markets in Tennessee, Florida, Illinois and Virginia, where it will reach new clients in the aluminium, steel, food and building materials segments.

The deal will expand the company's geographical coverage and capacity in the North and Southeast, said P&S president Houston Vaughn.

It is a great opportunity for Purdy Brothers and Loudon County's employees and clients to be part of a leading logistics company such as P&S, said Purdy Brothers/Loudon County president Doug Surrett.

The combined companies will operate under the PS Logistics hat, but will retain their brand names.

Country: USA

Sector: Road Transport/Freight Transport

Target: Purdy Brothers Trucking, Loudon County Trucking

Buyer: PS Logistics Ltd

Type: Corporate acquisition

Status: Closed

COPYRIGHT 2014 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2014 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:M & A Navigator
Date:Oct 22, 2014
Words:194
Previous Article:IIX unveils acquisition of UK's Allegro Networks.
Next Article:Zuercher Kantonalbank confirms takeover talks with Swisscanto.
Topics:

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters