PS Logistics, one of the largest privately held transportation and logistics companies in the U.S., announced recently its subsidiary Loudon County Trucking, LLC has acquired substantially all of the assets of Roane Transportation Services, LLC, Roane Logistics, Inc., and B&W Leasing, Inc.. Roane is a privately-owned trucking and logistics company that specializes in flatbed and conestoga shipping.
Financial terms of the transaction were not disclosed.
Headquartered in Rockwood, Tennessee, Roane Transportation was founded in 1996 by Steve Kennedy and Luke Wyatt. With more than 170 company, lease-purchase, and owner-operator drivers and operations in Rockwood and Memphis, Tennessee, and El Paso, Texas, Roane primarily hauls aluminum, steel, electrical products, and building materials freight throughout the Southeast and Midwest. Roane also provides freight brokerage and warehousing services through Roane Logistics.
Roane’s freight mix and geographic coverage are highly complementary to PS Logistics’ network and are expected to provide immediate opportunities to realize operational synergies, according to a statement from the two companies. Roane will now operate as Roane Transportation, a division of Loudon County Trucking, LLC.
“The acquisition of Roane Transportation strengthens PS Logistics’ presence in East Tennessee, expanding our footprint in a region that is critical to the aluminum manufacturing sector and enhancing our ability to support both existing and new customers,” said Houston Vaughn, President of PS Logistics’ trucking division.
Steve Kennedy, who will continue to lead the Roane division said, “This partnership is a strong cultural fit. Both companies put drivers first, value integrity and safety, and treat people with respect. For our team and customers, it means we keep the local leadership, culture, and service you know, while gaining the resources and scale to invest further in our people and operations.”
The transaction continues PS Logistics’ acquisition strategy of partnering with families and owners within the transportation and logistics industry. Since 2016, PS Logistics has successfully acquired 32 trucking operations and 5 non-asset logistics operations across the United States.
