PS Logistics announced Wednesday that one of its subsidiaries acquired the flatbed fleet of ELS, which includes more than 90 tractors and over 240 over-length trailers.
Kenly, North Carolina-based ELS is a 15-year-old carrier mostly hauling steel, lumber and building products. ELS will retain and continue to operate its heavy-haul and intermodal segments. The acquisition of the flatbed operation pushes PS Logistics’ fleet to more than 500 power units and 1,250 over-length flatbed trailers.
Financial terms of the transaction were not disclosed. The ELS flatbed unit will operate as part of PS Logistics’ subsidiary, Blair Logistics, which inked the deal.
“The ELS flatbed division will be complementary to our existing over-length operations and allow us to provide enhanced geographic coverage and service offerings to our customers while simultaneously providing greater opportunities to drivers,” said Scott Smith, PS Logistics co-founder and CEO.
Birmingham, Alabama-based PS Logistics provides asset-based transportation as well as nonasset offerings like brokerage, third-party logistics and managed transportation. The company focuses on acquiring family-owned flatbed trucking and logistics businesses. It has executed 30 acquisitions since 2016.
Last week, it added Buddy Moore Trucking and its flatbed and dry van fleets consisting of roughly 250 tractors.
“ELS has worked in similar geographies and with similar customers as PS Logistics’ operating companies for many years, and we’ve been able to see firsthand how well they service customers and set up drivers for success,” said Tim Butts, ELS founder and owner.
More FreightWaves articles by Todd Maiden
- Late-December swoon has analysts cutting Q4 estimates again
- Forward Air-Omni merger dustup heads to trial Friday
- Truckload linehaul rates stabilizing, Cass report shows
Supply Chain AI Symposium
Past the hype. Join operators, founders, and enterprise leaders figuring out how to deploy AI in supply chain.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
Past the hype. Join operators, founders, and enterprise leaders figuring out how to deploy AI in supply chain.
The Old Post • Chicago, IL Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now