TA Services, an affiliate of PS Logistics, has acquired Scout Logistics Corp, a Toronto-based specialist in over-the-road transportation of perishable freight. No financial terms were disclosed. PS Logistics, a Birmingham, Alabama-based flatbed transportation and logistics provider, this year secured an investment from Gamut Capital Management and British Columbia Investment Management Corp.
TA Services Announces the Acquisition of Toronto-based Scout Logistics
August 19, 2021—(Birmingham, AL) – TA Services, Inc., the third party logistics provider and division of PS Logistics, announced today it has completed the acquisition of Toronto, Canada-based Scout Logistics Corporation, worldwide specialists in over-the-road transportation of perishable freight. The acquisition represents TA Services’ expansion into the cold-chain marketplace and rounds out its full-service logistics offering in North America. Financial terms of the transaction were not disclosed.
“Lorne Swartz, Founder of Scout Logistics, and his team bring tremendous expertise and a proven track record of customer satisfaction in cold-chain logistics to TA Services. The like-minded combination of TA Services and Scout Logistics will bring a combined culture that focuses intensely on customer experience, carrier partnerships and employee well-being,” said Scott Schell, CEO & President of TA Services. “This is an incredible partnership and will make a lasting impact on the industry as a whole.” The acquisition accelerates TA Services’ growth to $500 million in Revenue, 650 employees, and over 20 global locations, spanning from Monterrey, Mexico to Toronto, Canada.
“There is a large growth opportunity in Canada to expand value to shippers and carriers in general, and this partnership is an excellent opportunity to grow the Scout Logistics business with TA Services’ resources, systems, processes and access to capital,” said Lorne Swartz, Founder of Scout Logistics. “I am so proud to know that our cultures are both focused on providing the best experience for everyone we do business with. I could not be more excited for our employees and customers.”
The acquisition of Scout Logistics is another example of recent strategic developments in TA Services’ business, building on the acquisition of Top Gun Freight in November 2020, the merger with Sellers Logistics in February 2020, and the acquisition of certain assets of Celadon Logistics in April 2019. In 2020, TA Services was also named to Transport Topics’ Top 50 Freight Brokerage Firms and Inbound Logistics’ Top 100 Third-Party Logistics Providers lists. In 2020, Scout Logistics was recognized as a Platinum Club member of Deloitte Canada’s 50 Best Managed Companies.
About TA Services:
Headquartered in Mansfield, Texas with offices located in strategic markets throughout North America, TA Services, Inc. has been trusted as the premiere integrated solutions provider for Freight Brokerage, Managed Transportation, Warehousing & Fulfillment, and Cross Border Logistics for over 35 years. TA Services has strategically situated 20+ facilities across North America for maximum geographic coverage.
About PS Logistics:
Founded in 2004, PS Logistics is one of the largest and fastest growing transportation solution providers in the United States. PS Logistics provides a full range of asset-based transportation, brokerage, 3PL and supply chain services. This hybrid model delivers optimal flexibility to address customers’ transportation needs in various industries throughout the United States. For more information: www.pslogistics.com.