A statement from PS Logistics said the transaction enhances its flatbed, dedicated dry van, and brokerage operations, and diversifies its modal and service offerings in the Southeast.
PS Logistics also said the transaction continues its acquisition strategy of partnering with families and quality owners within the transportation and logistics industry. Since 2016, PS Logistics has successfully acquired 25 trucking operations and five non-asset logistics operations across the United States.
Terms of the deal were not disclosed.
Buddy Moore Trucking was founded in 1999 by E. H. “Buddy” Moore Jr. with two primary goals: to provide outstanding customer service and to provide a great place to work for its drivers and employees. Operating nearly 25 years as a family-owned business, Buddy Moore Trucking has strategically grown to include a 130-truck flatbed division, 120-truck dedicated van division, and fast-growing non-asset logistics division.
“We are very proud to welcome Buddy Moore Trucking to the PS Logistics family,” said Scott Smith, chief executive officer and co-founder of PS Logistics. “I have personally known the Moore family for decades and have tremendous respect for them and the company they’ve built over the last 24 years. BMT will complement PSL’s best-in-class ‘asset-right’ operating model with expanded flatbed and dedicated dry van capacity, diversified geography, and new end markets. In addition, Buddy Moore Trucking’s emphasis on providing outstanding customer service and a great place to work for its employees and drivers perfectly aligns with PS Logistics’ mantra to ‘deliver great’ while simultaneously maintaining a driver-first culture.”
Buddy Moore Trucking will operate as a stand-alone division of PS Logistics and continue to be managed by Buck Moore.
“PS Logistics will be a great partner for our business,” said Buck Moore, president and CEO of Buddy Moore Trucking. “Over the years, I’ve witnessed how well they execute acquisitions and deliver value to their customers, drivers, and employees, and I look forward to what we will achieve together now that Buddy Moore Trucking has access to a larger freight network, additional capital, and wider array of customer solutions. Our family is very pleased that this transaction will continue to honor the legacy of Buddy Moore in this industry.”
Founded in 2004, 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.