Green Bay, Wisconsin-based Schneider announced today the company has acquired truckload carrier, Midwest Logistics Systems, which is based in Celina, Ohio.
MLS is a major dedicated carrier with over 1,000 professional drivers, operating 900 tractors across 30 central U.S. locations.
Schneider has acquired 100% of the equity interest in MLS. The carrier will run as an independent subsidiary of Schneider. MLS professional drivers and associates will continue to operate under the MLS name.
“Preserving the MLS identity is essential," said Schneider President and CEO Mark Rourke. "The carrier’s family-owned nature combined with its strong culture and customer service make it a valuable contributor for growing Schneider’s dedicated operations. With this acquisition, we believe Schneider is on track to generate $1 billion in annual revenue in our dedicated operations with over 5,000 trucks.”
MLS annual revenues are about $205 million, according to a statement from Schneider.
“Schneider is a well-established company and a great cultural fit," said MLS Vice President Dave DeMoss. “We are excited to be a key component to Schneider’s dedicated growth strategy.”
