Daseke announced the acquisition of Builders Transportation Co., a Memphis-based carrier of steel, aluminum, and metal products.
Builders Transportation has a fleet with more than 300 company trucks and nearly 500 spread-axle trailers. The company has flatbed operations across the continental U.S., hauling wire products, structural and sheet steel, aluminum products, building materials, cast iron, steel pipe, and machinery.
Daseke acquired Builders Transportation for a total of $53.8 million, $3.4 million of which included Daseke stock. The company brought in around $72.4 million in revenue for the 12-month period ending in June 2018.
“We’ve had Builders Transportation on our radar for quite some time,” said Don Daseke, CEO of Daseke. “They work with A-list customers, and like our other operating companies, have a passion for their people. The company has been in business since 1954 and it has a long legacy as a family-run operation.”