Canadian truck giant Bison Transport will acquire Maine-based trucking company Hartt Transportation Systems to significantly expand its presence in the northeastern United States.
The acquisition, which came into effect on Friday, will add more than 360 trucks and three terminals to Bangor and Auburn, Maine, and Sumter, South Carolina. The price has not been disclosed.
“There is a lot of energy in this business and people are keen to continue to grow and prosper in a responsible way,” said Bison CEO Rob Penner. Said in a statement on Monday.. “We believe this acquisition will strengthen cross-border services, establish Bison Transport USA as a US Tier 1 domestic fleet, and provide the foundation for meeting the growing needs of our customers.”
The transaction is the first acquisition by Bison based in Winnipeg, Manitoba. Acquired company In January by James Richardson & Sons, a Canadian agricultural and industrial conglomerate.
Bison is one of Canada’s largest truck and logistics companies, with approximately 2,000 trucks.The company also has a significant presence from the Wisconsin-based acquisition. HO Walding Britton Transport, North Dakota.
Penner hinted in January that an additional acquisition could be made under the new owner, James Richardson & Sons.
“The advantage on our part is that we are part of a larger organization that has access to different levels of resources available for future opportunities,” Penner said.
Bison Transport Acquires US Truck Company Hartt Transportation
https://www.freightwaves.com/news/bison-transport-to-acquire-us-trucking-firm-hartt Bison Transport Acquires US Truck Company Hartt Transportation