ABF Logistics Buys Oklahoma Brokerage Firm
ABF Logistics has purchased Smart Lines Transportation Group, a truckload brokerage firm based in Oklahoma City, for $5.17 million.
Smart Lines, which primarily serves the food, energy and industrial sectors, has 24 employees and generates about $18 million in annual revenue, ABF said.
ABF Logistics is the third-party logistics arm of ArcBest Corp. and a sister company to less-than-truckload carrier ABF Freight.
The acquisition, completed Jan. 2, expands ABF Logistics into the Oklahoma City market.
“The purchase of Smart Lines Transportation Group is an important step in our strategy to grow the emerging businesses at ArcBest and provide a variety of supply chain services to our customers in the way they expect,” ABF Logistics President Jim Ingram said in the Jan. 5 statement.
Greg Roush, Smart Lines’ founder and former president, is now branch director for the Oklahoma City location, which is officially operating under the ABF Logistics name.
ArcBest, based in Fort Smith, Arkansas, ranks No. 13 on the Transport Topics Top 100 list of the largest U.S. and Canadian for-hire carriers.
