EZE Trucking, a portfolio company of Atlantic Street Capital, said Monday that it has acquired Rig Runners. No financial terms were disclosed. Based in Houston, Texas, Rig Runners is a provider of freight and logistics services for the energy and industrial sectors.
IRVINE, CA, August 5, 2013 – EZE Trucking (EZE), a leading provider of specialty trucking and logistics services for the infrastructure, energy and industrial markets and a portfolio company of Atlantic Street Capital, announced today that it has acquired Rig Runners, Inc., a leading heavy haul and over dimensional trucking company. The combination of EZE and Rig Runners creates one of the largest national specialty hauling and logistics businesses.
Founded in 1982, Houston-based Rig Runners provides specialized heavy and line haul freight and logistics operations to national energy and industrial customers, primarily in the Texas market. The company has leveraged its highly regarded reputation as a service leader in energy to forge new industrial, power generation and construction relationships.
Peter Marshall, Chief Executive Officer of EZE Trucking said, “The addition of Rig Runners’ strong team and extensive resources will greatly enhance our ability to serve existing customers operating in multiple geographies. And as the largest specialized transportation business in the western U.S., EZE Trucking will provide existing and new customer both greater scale and a broader range of capabilities.”
EZE Trucking operates in the specialized side of the trucking industry which requires specialty equipment, unique load management skills and extensive driver/project management capabilities. EZE focuses on heavy and over dimensional loads that can exceed legal tonnage, width, height and length and require specialized route planning, permitting and escorts. Examples of EZE freight include bridge girders, oil rigs and turbines. EZE also provides its customer specialized LTL services in the western U.S. and logistics services across the country and into Canada and Mexico. The combination of EZE and Rig Runners will include 16 terminals, over 700 trailers and 400 power units and drivers.
Tim Lewis, Partner at Atlantic Street Capital, said, “We are pleased to combine an industry leader in Rig Runners with EZE. The newly-combined company is much stronger as the customer base spans multiple industry verticals serving the oil and gas, infrastructure, power generation and industrials end-markets and is diversified across multiple geographic markets.”
EZE Trucking was acquired in 2009 by Atlantic Street Capital and in 2011, EZE broadened its trucking operations with the acquisition of Patterson Motor Freight, a leading specialized trucking company focused on the oil and gas industry.
About Atlantic Street Capital
Atlantic Street Capital is a private equity firm that invests in middle market companies with between $25 and $150 million in revenue. The firm invests in fundamentally sound companies that will benefit from capital investment and valueadding strategic and operational initiatives. Atlantic Street Capital’s partners are handson investors who work closely with management to unlock their business’ underlying value and help them succeed. The firm is currently investing from Atlantic Street Capital Partners, L.P. II. For more information, visit www.atlanticstreetcapital.com.