Tennessee Steel Haulers & Co., The Roadmaster Group, and Moore Freight Service have all joined flatbed and specialized transportation company Daseke, the company announced.
As a result of the additions, Daseke saidit is on track in 2017 to hit an annual revenue run rate of $1.2 billion, representing an annual growth rate of 59% in pro forma adjusted revenue since the company’s first year of operation in 2009, when revenue topped out at $30 million.
“We’ve added three exceptional organizations to our family of operating companies focused on unique sectors with promising growth characteristics,” said Don Daseke, president and CEO of Daseke. “We are very proud to be consistent in our flatbed and specialized focus, while adhering to our conservative risk management philosophy, to achieve the growth goals that we presented to the market when we became a public company this past February.”
The Roadmaster Group is the parent company of Tri-State, a high-security cargo hauler. Moore Freight Service specializes in the hauling of sheets of commercial glass with highly customized trailers. Tennessee Steel Haulers & Co., is a flatbed hauler with a 100% owner-operator model .
“With the addition of TSH & Co., Daseke immediately becomes more asset-light in its fleet mix,” said Daseke. “With the combined owner-operators at TSH & Co., The Roadmaster Group, and Moore Freight Service, my estimate is that our asset-light mix run rate will be well-balanced at an estimated 50% by Dec.31, 2017. Those percentages exemplify our long-term strategic goal of managing a lower capital expenditure intensive, asset-right fleet mix.”