The transaction establishes the Company in the specialized market segment and enhances its modal and service offerings in the Southeastern and Midwestern United States.
July 25, 2023 – (BIRMINGHAM, AL) – P&S Transportation LLC (“P&S”), a PS Logistics subsidiary, announced today that it has purchased all substantial transportation assets of Rinaudo Enterprises, Inc. and Ringo Specialized Hauling, Inc. (collectively, “Rinaudo”), a privately owned interstate trucking and brokerage company that provides specialized transportation services for high-value industrial equipment across the southeastern and midwestern United States. Financial terms of the transaction were not disclosed.
Headquartered in Jacksonville, FL, Rinaudo was founded in 1984 by Frank Rinaudo, Sr. and Frank Rinaudo Jr., and has continued to operate as a family-owned business since. Rinaudo maintains a fleet of 56 tractors and 75 trailers and primarily hauls oversize and overweight industrial equipment for the infrastructure, construction, agriculture, and forestry end markets. With this transaction, P&S has established a specialized business segment to further enhance and grow the services provided to existing and future customers within PS Logistics’ freight network.
“We are proud to welcome Rinaudo to the PS Logistics family” said Scott Smith, Chief Executive Officer, and Co-Founder of PS Logistics. “Rinaudo brings highly skilled drivers, an established leadership team, and long-tenured customer relationships to the PS Logistics family, and we look forward to continuing the Rinaudo tradition of delivering best-in-class service to its customers.”
The acquisition will provide Rinaudo, its customers, and its drivers with expanded capacity, new service offerings, and increased economies of scale.
Organizationally, Rinaudo will be managed by Mr. Kevin Nixon as a separate division of P&S. Rinaudo will continue to operate under the same name.
“P&S will be a great partner for our business,” Frank Rinaudo, Jr., the President of Rinaudo said. “We are excited to partner with a larger organization that is also committed to its drivers and their success, and that will allow us to provide to our customers a wider array of services and increased capacity.”
The Rinaudo acquisition continues PS Logistics’ acquisition strategy of partnering with families and quality owners within the open deck trucking market. Since 2016, PS Logistics has successfully acquired 28 trucking and brokerage operations.
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 transportation needs across various industries throughout the United States. For more information, visit: www.pslogistics.com.
