PS Logistics Continues Acquisition Strategy With Patriot Deal
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PS Logistics announced that it has purchased all substantial transportation assets of Patriot Transit and Patriot Logistics. Financial terms were not disclosed.
Patriot is a privately owned interstate trucking and logistics provider that specializes in flatbed shipping in the Gulf Coast and Southwest. It maintains a fleet of 75 trucks.
The Houston-based company was founded by David Spencer and Rex Ready.
“PS Logistics will be an amazing partner for our business,” Spencer said in a statement Aug. 4. “Both our companies are family-oriented and share positive workplace practices, creating an ideal environment for everyone to grow and prosper.”
PS Logistics provides full-service transportation services with headquarters in Birmingham, Ala. Its services include asset-based transportation, non-asset-based transportation, brokerage, third-party logistics managed transportation, warehousing and supply chain services.
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“We are proud to welcome Patriot to the PS Logistics family,” PS Logistics President Houston Vaughn said in a statement. “Patriot brings great drivers, employees and freight expertise to our company as well as our customers.”
Patriot will be operated by Blair Logistics, a subsidiary of PS Logistics. Leadership will include Spencer, Ready and Blair CEO Jay Bowling.
PS Logistics said the deal continues its strategy of partnering with families and owners within the flatbed trucking segment. The company has acquired 22 trucking and brokerage operations since 2007. PS Logistics also said the acquisition will provide Patriot and its customers with additional capacity, new service offerings and increased economies of scale.
“Over the last several decades, Rex and I built a successful trucking operation serving outstanding customers with dedicated employees,” Spencer said. “We are pleased that PS Logistics will continue that tradition with the same commitment to service with our experienced and dedicated drivers and employees.”
PS Logistics ranks No. 40 on the Transport Topics Top 100 list of largest for-hire carriers in North America.
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