Schneider National, Inc. announced Tuesday it has acquired M&M Transport Services, LLC, based in West Bridgewater, Massachusetts.
M&M Transport is a dedicated contract carrier that primarily provides specialty solutions for the retail and manufacturing verticals. Its top 20 customers include many Fortune 500 companies.
M&M has about 500 trucks and 1,900 trailers across 12 locations in the Northeast, Midwest, and Southwest.
In a statement about the purchase, Schneider said the acquisition "complements its dedicated organic growth success and places Schneider on a glide path toward $1.5 billion in annual dedicated contract revenues and 6,500 dedicated tractors in service to our valued customer base."
Schneider President and CEO Mark Rourke said,“By combining our respective expertise, knowledge and resources, we will be better positioned to meet the evolving needs of our customers and expand our reach in the Dedicated market. This is an exciting opportunity to leverage the best of both companies and use our complementary capabilities to deliver enhanced value to our customers and stakeholders.”
M&M Transport will operate as a wholly-owned subsidiary of Schneider.
“Both companies have a successful history of dedicated operational excellence, a reputation for superior customer service and a common foundation of core values – so our cultures are an excellent match,” said M&M Transport founder Mark Warsofsky. “Now, as a wholly owned subsidiary of Schneider, M&M Transport will continue to leverage our strengths while capitalizing on Schneider’s broad capabilities and resources to support continued growth and the consistent, reliable service that our customers expect from M&M Transport.”