One Equity Partners-backed PS Logistics completed the acquisition of almost all assets of Southeast Logistics, Houndstooth Transportation, C Cross Transport and Viking Transportation, collectively known as Southeast Logistics. Since 2007, PS Logistics acquired 17 trucking and brokerage operations.
PS Holdco, LLC (“PS Logistics”) today announced that it has completed the acquisition of substantially all assets of Southeast Logistics, Inc., Houndstooth Transportation, Inc., C Cross Transport, Inc., and Viking Transportation, LLC (collectively, “Southeast Logistics” or the “Company”). Financial terms of the transaction were not disclosed.
Southeast Logistics, headquartered in Tuscaloosa, AL, has approximately 250 drivers and an experienced management team leading the Company. The Company is committed to providing excellent service, and a strong family atmosphere that supports its drivers and long-term customers.
The transaction will further strengthen PS Logistics’ operations in the Southeast and provide it with additional terminals in Tuscaloosa, AL and Waynesboro, MS. Southeast Logistics has a history of practicing and teaching their core values of commitment, accountability, respect and excellence each day.
“We are proud to welcome Southeast Logistics to the PS Logistics family” said Scott Smith, Chief Executive Officer of PS Logistics. “We look forward to working with their excellent drivers and experienced operations group to continue their great culture and strong customer service. Please join us in welcoming our newest addition to the PS Logistics family.”
“I am happy to be partnering with PS Logistics,” said Beau Wicks, President and Owner of Southeast Logistics. “We are a very family-oriented company. We have many employees, drivers and owner operators who have been with us 15 plus years. We love our drivers, and we work hard to make them successful, as we have nothing without them. We sell service; service to our customers and service to our drivers. Our word is our bond. I am very impressed with what PS
Logistics is building and the quality people in their organization. We look forward to what the future holds for our combined company and our industry.”
The Southeast Logistics acquisition continues PS Logistics’ acquisition strategy of partnering with families and owners within the flatbed trucking segment. Since 2007, PS Logistics has successfully acquired 17 trucking and brokerage operations.
About PS Logistics
Founded in 2004, PS Logistics is one of the largest and fastest growing flatbed transportation solution providers in the United States. PS Logistics provides full-service transportation services, including asset-based transportation, non-asset-based transportation, brokerage, third-party logistics managed transportation, warehousing, and supply chain services. This hybrid model delivers optimal flexibility to address customer’s flatbed transportation needs in various industries throughout the United States.