Trimac acquires Houston-based chemical hauler

Service Transport Company acquisition adds 290 tractors, 750 trailers

Financial terms of the transaction were not disclosed. (Photo: Jim Allen/FreightWaves)

Canadian bulk hauler Trimac Transportation announced it has acquired Houston-based chemical carrier Service Transport Company (STC). The deal adds scale to Trimac’s growing U.S. chemical transportation network.

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Founded in 1965, STC serves local chemical producers, transporting liquids like hydrogen peroxide, acrylic acid and solvents as well as chemical compounds. The company has a fleet of approximately 290 tractors (300 drivers) and 750 trailers that operate out of 16 locations across the Gulf Coast.

Financial terms of the transaction were not disclosed.

“Service Transport Company has built a reputation for safety, reliability and customer service, and we are thrilled to welcome them into the Trimac family,” said Matt Faure, Trimac president and CEO, in a news release. “Their expertise in chemical hauling aligns perfectly with our long-term growth strategy, and together we will strengthen our ability to deliver safe, reliable and efficient transportation solutions.”

Trimac operates more than 140 locations in the U.S. and Canada with a team of 3,400 employees.

Trimac acquired a pair of flatbed carriers earlier this year. In August, it purchased Searcy Trucking (over 120 trucks and 170 trailers) and in January; it bought Watt & Stewart (124 tractors and 205 trailers).

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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.