Bennett Buys Morgan Manufactured Housing Division
Bennett Truck Transport, McDonough, Ga., has bought the manufactured housing transportation division of competitor Morgan Drive Away, Elkhart, Ind
Bennett Truck Transport, McDonough, Ga., has bought the manufactured housing transportation division of competitor Morgan Drive Away, Elkhart, Ind.
The two companies have been fierce competitors, and less than a year ago found themselves in court as a result of a battle to dominate the manufactured housing drive-away business in Georgia. The acquisition brought an end to that litigation.
Morgan President Mike Archual explained that a combination of factors, including a two year decline in shipments by manufacturers, consolidation in the manufactured housing industry, and dramatically increased costs for liability and cargo insurance, led Morgan to exit that segment of the market and to concentrate on Morgan's other lines of business.
Bennett's President, Danny Lowry, said the opportunity to acquire the assets of Morgan provided his company the chance to provide a smooth transition for Morgan's former owner-operators and customers.
"For many years, Morgan has been one of our major competitors, as we have both shared and competed for customers and owner-operators, Lowry said.
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