MANSFIELD, Texas, April 15, 2019 /PRNewswire/ -- TA Services
Inc. ("TA Services"), the 3PL & Brokerage division of PS
Logistics, LLC ("PS Logistics"), today announced it has completed
the acquisition of certain assets of Celadon Logistics from Celadon
Group, Inc.
Celadon Logistics, headquartered in Indianapolis, IN, is a non-asset based
brokerage and 3PL provider, offering a full spectrum of non-asset
transportation, supply chain, and warehousing solutions across
North America with run rate
revenue exceeding $150 million.
Celadon Logistics currently operates 4 logistics offices and 11
warehouses across 7 states with over 500 employees.
The acquisition transforms TA Services into a leading logistics
player with revenues totaling over $300
million. The combination expands TA Services' brokerage and
3PL capabilities, provides exposure to new customer bases and, with
minimal customer overlap, grows the consolidated company's total
addressable markets.
"We look forward to welcoming the entire Celadon Logistics team
to our TA family," said Scott
Schell, President & CEO of TA Services, who will lead
the merged organization. "Together with Celadon Logistics'
experienced team and expanded service offerings, we are positioned
to be the one-stop solution for addressing all of our customers'
transportation needs."
The businesses will continue to operate separately during the
integration process, which is expected to be less than six months.
Afterwards, all operations will be branded as TA Services. "The
acquisition is beneficial to both Celadon Logistics and TA Services
alike," said Jay Frieden, President
of Celadon Logistics. "The combined companies will provide career
growth and opportunity for all employees, broader service
capabilities to customers, and a more extensive freight network for
carrier partners."
"This transaction widens our scope of services with additional
transportation and warehousing 3PL solutions. As one of the
nations' largest flatbed service providers, we will also gain
access to over 2,800 dry van and temperature-controlled trucks
throughout North America via a
long-term capacity solutions partnership with Celadon Trucking"
said Brian Barze, CFO of PS
Logistics.
The acquisition of the assets of Celadon Logistics continues PS
Logistics' strategy of partnering with companies and owners within
the North American transportation industry. Since 2007, PS
Logistics has successfully acquired 16 companies in the
transportation sector.
About TA Services
Headquartered in Mansfield, TX with offices located in
strategic markets throughout North
America, TA Services, Inc. provides customers a wide range
of trucking and transportation management services in third-party
logistics, full-service brokerage, and on-site materials handling
and warehousing. The company has continuously operated for over 30
years. For more information: www.taservices.com.
About PS Logistics
Founded in 2004, PS Logistics is
one of the largest and fastest growing transportation solution
providers in the United States. PS
Logistics provides a full range of asset-based transportation,
brokerage, 3PL and supply chain services. This hybrid model
delivers optimal flexibility to address customers' transportation
needs in various industries throughout the United States. For more information:
www.pslogistics.com.
Media Contact:
Camille
Herron – PS Logistics (cherron@pslogistics.com)
205-788-4000 x1544
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SOURCE TA Services