Heartland Express has acquired Wisconsin-based dry van truckload carrier Millis Transfer for a value of approximately $150 million, the company announced.
Heartland acquired 100% of the equity of Millis and its related companies, which includes 11 terminal locations and five Millis Training Institute driver school locations. Millis primarily operates in the Midwest, Texas and East Coast.
Millis operates a single-brand fleet of tractors equipped to focus on driver comfort amenities as well as a single-brand fleet of trailers and has been nominated as a Best Fleet to Drive For.
Millis also operates Millis Training Institute with five driver training locations. MTI was established in 1989 to provide opportunities for obtaining CDLs and has graduaed thousands of truck drivers. The driver training program has operating locations in Ohio, Georgia, Wisconsin, Texas and North Carolina.
“We are very pleased to welcome everyone at Millis to Heartland Express,” said Michael Gerdin, chairman, president, and CEO of Heartland. “We are impressed with the high quality of the driving professionals and the organization’s safety profile. In addition, the regional coverage, equipment, conservative and disciplined management style, and culture are all very compatible with our approach.”