PS Logistics adds refrigerated assets in latest deal

PS Logistics announced that its subsidiary Purdy Brothers Trucking has acquired certain assets of Phoenix Leasing of Tennessee Inc. The deal also included the acquisition of equipment and drivers from Phoenix sister company Colonial Freight Systems Inc.

The addition of 55 lease purchase drivers and 50 tractors will bolster Birmingham, Alabama-based PS Logistics’ temperature-controlled presence in the Southeast. Purdy Brothers is an asset-light refrigerated carrier based in Loudon, Tennessee, operating 144 power units according to the Federal Motor Carrier Safety Administration database. Knoxville, Tennessee-based Colonial Freight Systems is listed as having 250 power units.

Financial terms of the transaction were not disclosed.

“We are proud to welcome the Colonial drivers to the PS Logistics family,” Doug Surrett, Purdy Brothers president, stated in a news release. “We look forward to working with these great drivers to continue their best-in-class customer service.”

The transaction is the latest for PS Logistics, which continues to roll up family-owned flatbed, refrigerated and logistics assets. The company has acquired 27 trucking and brokerage operations over the last 15 years.

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Source: freightwaves - PS Logistics adds refrigerated assets in latest deal
Editor: Todd Maiden