The transaction further establishes the Company in the Gulf Coast and Southwest and adds new terminal in Houston, TX.
July 30, 2021 – (BIRMINGHAM, AL) – PS Holdco, LLC (“PS Logistics”) announced today that it has purchased all substantial transportation assets of Patriot Transit, LLC and Patriot Logistics, LLC, (“Patriot”), a privately-owned interstate trucking and logistics provider that specializes in flatbed shipping in the Gulf Coast and Southwest.
Patriot, founded by Mr. David Spencer and Mr. Rex Ready, is based in Houston, Texas and maintains a fleet of 75 experienced drivers. Patriot is committed to excellent customer service and has long-term, loyal customers.
“We are proud to welcome Patriot to the PS Logistics family,” said Mr. Houston Vaughn, President of PS Logistics. “Patriot brings great drivers, employees and freight expertise to our Company as well as our customers.”
Patriot operates as a family-run business with a loyal driver base and strong customer relationships. The acquisition will provide Patriot and its customers with additional capacity, new service offerings, and increased economies of scale.
“PS Logistics will be an amazing partner for our business,” said David Spencer. “Both our companies are family-oriented and share positive workplace practices, creating an ideal environment for everyone to grow and prosper. Over the last several decades Rex and I built a successful trucking operation serving outstanding customers with dedicated employees. We are pleased PS Logistics will continue that tradition with the same commitment to service with our experienced and dedicated drivers and employees.”
The Patriot acquisition continues the PS Logistics acquisition strategy of partnering with families and owners within the flatbed trucking segment. Since 2007, PS Logistics has successfully acquired 22 trucking and brokerage operations. Financial terms of the Patriot transaction were not disclosed. Organizationally, Patriot will be operated by the Blair Logistics, LLC (“Blair”) subsidiary of PS Logistics under the leadership of David Spencer, Rex Ready and Jay Bowling, CEO of Blair.
About PS Logistics
Founded in 2004 and headquartered in Birmingham, AL, PS Logistics is one of the largest and fastest growing flatbed transportation and logistics providers in the United States. 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. This hybrid model delivers optimal flexibility to address customer’s flatbed transportation needs across various industries throughout the United States.