Trimac Transportation this week announced it has acquired Doyle Sims & Sons Trucking along with its brokerage operations.
Terms of the deal were not disclosed.
The Gleason, Tennessee company is a market leader in dry and liquid bulk hauling, primarily servicing the South and Midwest. Trimac provides bulk shipping solutions in both Canada and the United States while augmenting its network with partners in Mexico. Sims & Sons is the fourth transportation company acquired by Trimac this year.
The acquisition of Sims & Sons will increase Trimac’s fleet size by more than 110 tractors and 120 trailers, which include liquid and pneumatic tankers as well as dump trailers. In addition to the asset division, Sims & Sons’ premier brokerage offering complements the company’s asset operations by providing expanded capacity with quality, reliable carriers, according to a statement from Trimac.
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“In acquiring Doyle Sims & Sons Trucking Inc., we are not just adding another company to our portfolio, we are integrating three-quarters of a century's worth of experience, knowledge, and legacy into the Trimac family,” said Trimac President and CEO Matt Faure. “This fourth acquisition of 2023 symbolizes not just growth, but a continuation of our commitment to excellence.”
Sims & Sons was founded in 1949 by Doyle Sims. His son David Sims joined the company in 1982 and was majority owner prior to the acquisition. Johnny Wagster— the current CEO — joined Sims & Sons in 1998 and will continue his involvement in the business after this acquisition.
Doyle Sims & Sons Trucking offers a variety of services in a specialized section of the freight industry over local, regional and some long-haul lanes. Along with its brokerage division DSS Logistics, Sims & Sons routinely hauls bulk raw materials using pneumatic tankers, liquid tankers, and dump trailers, including end dump and hopper bottom trailers. Commodities hauled include clay, sand, oils and other non-hazmat products.
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Trimac Transportation was founded in 1945 as a small family trucking company based in Saskatchewan and is now one of the largest transportation service companies in North America. With over 140 branches and a wide range of experience and services, provides bulk shipping solutions.
Tenney Group, an industry-specialized mergers and acquisitions advisory firm, acted as advisor to Sims & Sons. Ashesh Pansuria, VP of Tenney Group, shared, “Given the long history of Sims & Sons, it was important to the sellers that the company transitioned to a buyer with the same commitment to providing quality service and offering its employees with continued growth opportunities. I honestly cannot think of a better pairing.”
Tenney Group is a merger and acquisition advisory firm that has been dedicated to the transportation and logistics industry since 1973. Tenney Group primarily provides sell-side advisory services for companies with annual revenues ranging from $20M to $300M.
