The transaction further establishes the Company in the dedicated transportation market and enhances its modal and service offerings.
July 17, 2023 – (BIRMINGHAM, AL) – P&S Transportation LLC (“P&S”), a PS Logistics subsidiary, announced today that it has purchased all substantial transportation assets of Action Dedicated, LLC and Action Dedicated II LLC (collectively, “Action Dedicated”), a subsidiary of Action Resources, LLC that specializes in dedicated transportation in the southeastern United States. Financial terms of the transaction were not disclosed.
Headquartered in Birmingham, AL, Action Dedicated maintains a fleet of 120 drivers and 364 trailers, and primarily hauls automotive components for blue-chip customers. The transaction will further strengthen and diversify P&S’ existing dedicated operations while also enhancing the services provided to existing and future customers within PS Logistics’ freight network.
“We are proud to welcome Action Dedicated to the PS Logistics family” said Scott Smith, Chief Executive Officer, and Co-Founder of PS Logistics. “We look forward to working with their strong leadership team and upstanding drivers, while also continuing to deliver best-in-class service to its customers.”
The acquisition will provide Action Dedicated, its customers, and its drivers with expanded capacity, new service offerings, and increased economies of scale.
Organizationally, Action Dedicated will be managed by Mr. David McKinley as a separate division of P&S. Action Dedicated will continue to operate under the same name.
“We believe P&S will be a great successor and steward for the Action Dedicated business,” Staci Pierce, the CEO of Action Enterprise Holdings said. She further stated, “We are pleased for Action Dedicated to be acquired by another ‘driver-first’ company while we continue our heightened focus on the growth of our specialty chemical and waste, environmental, and logistics platforms.”
The Action Dedicated acquisition continues PS Logistics’ acquisition strategy of partnering with driver-focused companies that complement existing service offerings. Since 2016, PS Logistics has successfully acquired 27 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.