Seattle-based Haney Truck Line has acquired Washington-based Puget Sound Truck Lines and Oregon-based Nickel Plate Express, creating one of the largest West Coast truckload providers
. The company will combine the entities under the Haney brand.
As part of the transaction, truckload carrier Haney will also add terminals in Eugene and Portland, Ore., Commerce and Woodland, Calif., as well as in Everett, Bellingham and Tacoma, Wash.
"This transaction will allow us to better serve existing customers, offer compelling expanded service offerings to new customers, and provide greater capacity to the broader West Coast truckload market," said Mike Richardson, president of Haney Truck Line.
Puget Sound Truck Lines and Nickel Plate Express have a combined 165 tractors, 466 trailers and 65 contractors. Meanwhile, Haney consists of more than 500 employees, 400 tractors and 1,000 trailers.
The companies carry products including beverages, paper, glass, aluminum, food and other general commodities throughout eight western states. They offer a variety of services, including common and contract carriage, dedicated resources, logistics services and single source transportation programs utilizing 53-foot dry vans, 53-foot heavy-haul vans, and flatbeds. Haney will add intermodal services to its service portfolio as part of the acquisition.
The transaction was facilitated by Haney's senior management team as well as through its equity partner, Seattle-based Evergreen Pacific Partners, which manages $700 million of equity and invests in private, traditional industry, middle-market companies in western North America.
. The company will combine the entities under the Haney brand.
As part of the transaction, truckload carrier Haney will also add terminals in Eugene and Portland, Ore., Commerce and Woodland, Calif., as well as in Everett, Bellingham and Tacoma, Wash.
"This transaction will allow us to better serve existing customers, offer compelling expanded service offerings to new customers, and provide greater capacity to the broader West Coast truckload market," said Mike Richardson, president of Haney Truck Line.
Puget Sound Truck Lines and Nickel Plate Express have a combined 165 tractors, 466 trailers and 65 contractors. Meanwhile, Haney consists of more than 500 employees, 400 tractors and 1,000 trailers.
The companies carry products including beverages, paper, glass, aluminum, food and other general commodities throughout eight western states. They offer a variety of services, including common and contract carriage, dedicated resources, logistics services and single source transportation programs utilizing 53-foot dry vans, 53-foot heavy-haul vans, and flatbeds. Haney will add intermodal services to its service portfolio as part of the acquisition.
The transaction was facilitated by Haney's senior management team as well as through its equity partner, Seattle-based Evergreen Pacific Partners, which manages $700 million of equity and invests in private, traditional industry, middle-market companies in western North America.
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