• ITVI.USA
    15,493.230
    -192.560
    -1.2%
  • OTLT.USA
    2.807
    -0.010
    -0.4%
  • OTRI.USA
    21.560
    -0.300
    -1.4%
  • OTVI.USA
    15,477.520
    -195.870
    -1.2%
  • TSTOPVRPM.ATLPHL
    3.300
    -0.240
    -6.8%
  • TSTOPVRPM.CHIATL
    2.950
    -0.020
    -0.7%
  • TSTOPVRPM.DALLAX
    1.440
    0.000
    0%
  • TSTOPVRPM.LAXDAL
    3.310
    0.060
    1.8%
  • TSTOPVRPM.PHLCHI
    2.150
    0.020
    0.9%
  • TSTOPVRPM.LAXSEA
    3.950
    -0.100
    -2.5%
  • WAIT.USA
    126.000
    1.000
    0.8%
  • ITVI.USA
    15,493.230
    -192.560
    -1.2%
  • OTLT.USA
    2.807
    -0.010
    -0.4%
  • OTRI.USA
    21.560
    -0.300
    -1.4%
  • OTVI.USA
    15,477.520
    -195.870
    -1.2%
  • TSTOPVRPM.ATLPHL
    3.300
    -0.240
    -6.8%
  • TSTOPVRPM.CHIATL
    2.950
    -0.020
    -0.7%
  • TSTOPVRPM.DALLAX
    1.440
    0.000
    0%
  • TSTOPVRPM.LAXDAL
    3.310
    0.060
    1.8%
  • TSTOPVRPM.PHLCHI
    2.150
    0.020
    0.9%
  • TSTOPVRPM.LAXSEA
    3.950
    -0.100
    -2.5%
  • WAIT.USA
    126.000
    1.000
    0.8%
FinanceNewsTop StoriesTruckingTruckload Carriers

Bulk carrier Trimac acquires California-based cement hauler

Double Eagle acquisition adds 100 tractors and drivers

Canadian bulk carrier Trimac Transportation announced late Monday the acquisition of Southern California cement hauler Double Eagle Transportation.

Based in Hesperia, California, family-owned Double Eagle operates a fleet of 96 tractors and 124 dry bulk pneumatic trailers. With 132 employees, 105 of which are drivers, the nearly 20-year-old company also transports fly ash, gypsum, lime, limestone and sand throughout California and Nevada.

Terms of the deal were not announced.

“We are thrilled to bring Double Eagle into the Trimac family and welcome the dedicated and professional employees who have built an excellent legacy delivering value to customers every day,” said Trimac President and CEO Matt Faure.

Calgary, Alberta-based Trimac is one of the largest bulk carriers in North America. The 75-year-old company operates a fleet of nearly 2,000 tractors and more than 4,000 trailers out of its 140 locations. Trimac has grown to include more than 3,400 employees, inclusive of independent contractors, through acquisitions.

The company’s current growth strategy is focused on expansion into new markets including the U.S. Southwest.

“I’m pleased to pass the baton on to a company with similar strong, family-run business philosophies and who has the energy and resources to take what we’ve built to the next level by continuing to provide the service and reliability our customers have come to count on,” said Jerry Butcher II, founder of Double Eagle.

Butcher’s sons, Jerry Butcher III and Benjamin Butcher, will continue to run the Double Eagle’s daily operations.

Click for more FreightWaves articles by Todd Maiden.

Todd Maiden

Based in Richmond, VA, Todd is the finance editor at FreightWaves. Prior to joining FreightWaves, he covered the TLs, LTLs, railroads and brokers for RBC Capital Markets and BB&T Capital Markets. Todd began his career in banking and finance before moving over to transportation equity research where he provided stock recommendations for publicly traded transportation companies.

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