The transaction further establishes the company in upper Midwest USA and adds new terminal in Shoals, IN.
PS Holdco, LLC (“PS Logistics”) announced today that it has purchased all substantial transportation assets of Jason Jones Trucking, Inc., a privately-owned interstate trucking company that specializes in flatbed shipping in the eastern United States.
Headquartered in Shoals, IN, Jason Jones Trucking (“JJT”), maintains a fleet of 38 tractors, 89 trailers and 41 experienced drivers. JJT primarily hauls general freight, including drywall gypsum, lumber and brick – types of freight which PS Logistics also specializes in.
“JJT brings great freight synergies to both our companies as well as our customers,” said Mr. Scott Smith, Chief Executive Officer of PS Logistics. “It also further establishes our base in the upper Midwest and adds a new terminal to our growing national network.”
JJT operates as a family-run business with a loyal driver base and strong customer relationships. The acquisition will provide JJT and its customers with additional capacity, new service offerings, and increased economies of scale.
Organizationally, JJT will be managed by Mr. Jason Jones and report into P&S Transportation (“P&S”) as a separate division under the leadership of Mr. Steve Reid, a P&S VP of Operations. JJT will continue to operate under the “Jason Jones Trucking” brand name.
“PS Logistics is an amazing partner for our business,” Jones said. “Both our companies are family-oriented and share positive workplace practices, creating an ideal environment for everyone to grow and prosper.”
The JJT 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 21 trucking and brokerage operations. Financial terms of the JJT transaction were not disclosed.