NAPA Transportation, Mechanicsburg, Pa., has acquired certain assets of the dry van division and brokerage division of Payne Trucking Inc., Fredericksburg, Va.
Payne Trucking is a dry van truckload carrier that provides medium length of haul and dry van service primarily in the eastern United States as well as brokerage services. The company currently operates 80 tractors and approximately 176 trailers. Danny Payne, the owner of Payne Trucking, will continue to operate his bulk commodities semi-trailer dump truck business under the name of Payne Trucking.
NAPA Transportation is a provider of food and consumer goods throughout the northeastern United Sates with a fleet of 235 tractors and 535 trailers.
"This new terminal location supports our desired network concentration in the middle Atlantic and Northeast corridors. With terminals located on both 81 and 95 in Virginia, this acquisition strengthens our presence while enabling the business to increase its efficiency, expand its customer base, and add new services." said Ron Accomando, CEO.
Transport Capital Partners assisted in the deal. "NAPA and Payne are solid providers of dry van transportation services in the Northeast with strong management teams," said Lana Batts, Managing Partner of Transport Capital Partners.
Payne Trucking is a dry van truckload carrier that provides medium length of haul and dry van service primarily in the eastern United States as well as brokerage services. The company currently operates 80 tractors and approximately 176 trailers. Danny Payne, the owner of Payne Trucking, will continue to operate his bulk commodities semi-trailer dump truck business under the name of Payne Trucking.
NAPA Transportation is a provider of food and consumer goods throughout the northeastern United Sates with a fleet of 235 tractors and 535 trailers.
"This new terminal location supports our desired network concentration in the middle Atlantic and Northeast corridors. With terminals located on both 81 and 95 in Virginia, this acquisition strengthens our presence while enabling the business to increase its efficiency, expand its customer base, and add new services." said Ron Accomando, CEO.
Transport Capital Partners assisted in the deal. "NAPA and Payne are solid providers of dry van transportation services in the Northeast with strong management teams," said Lana Batts, Managing Partner of Transport Capital Partners.
media brand
0 Comments
See all comments