Birmingham-based PS Holdco LLC, parent of PS Logistics, recently acquired the assets of Savannah-based CT Transportation, when the Georgia firm’s parents filed for Chapter 11 bankruptcy.
The sale is subject to approval by the federal bankruptcy court and is expected to close by the end of June.
In February, PS Logistics acquired most assets of Tuscaloosa-based Southeast Logistics Inc., Houndstooth Transportation Inc., C Cross Transport Inc. and Viking Transportation LLC.
CT Transportation, originally called Coastal Transportation & Trading Co., was founded in 1939 as a subsidiary of Comcar Industries Inc., which filed for bankruptcy protection May 20.
CT brings 250 drivers and a management team into the PS group, as well as additional terminals in Savannah; in Jacksonville and Apollo Beach, Florida; in Baltimore, Maryland; Mocksville, North Carolina, and Bridgeport, Alabama.
PS Logistics’ other recent acquisition also brought a 250-driver team and management at Southeast Logistics into the Birmingham company as well as terminals in Tuscaloosa and in Waynesboro, Mississippi.
The two acquisitions continue “PS Logistics’ acquisition strategy of partnering with families and owners within the flatbed trucking segment,” the company wrote in a press statement. “Since 2007, PS Logistics has successfully acquired 19 trucking and brokerage operations.”
Founded in 2004, PS Logistics provides full-service transportation services, including asset-based transportation, non-asset-based transportation, brokerage, third-party logistics managed transportation, warehousing and supply chain services to meet customers’ flatbed transportation needs.
