PS Logistics announced Thursday that it has acquired Roane Transportation and all of its assets through its subsidiary, Loudon County Trucking.
Loudon County Trucking LLC is a subsidiary of PS Logistics. As of November 5th, Loudon County Trucking has acquired all of the assets of Roane Transportation Services LLC, Roane Logistics Inc. and B&W Leasing Inc – known collectively as Roane. Roane specializes in flatbed and conestoga shipping.
According to the PS Logistics press release, the financial terms of the acquisition have not been released. Roane has its headquarters in Rockwood, Tennessee and was founded in 1996 by Steve Kenndy and Luke Wyatt. The company has more than 170 company, lease purchase, and owner operator truck drivers across its operations in Rockwood and Memphis, Tennessee, and El Paso, Texas.
“The acquisition of Roane Transportation strengthens PS Logistics’ presence in East Tennessee, expanding our footprint in a region that is critical to the aluminum manufacturing sector and enhancing our ability to support both existing and new customers,” said Houston Vaughn, President of PS Logistics’ trucking division. “Equally important, Roane’s experienced management team and dedicated employees share the values, commitment to service, and entrepreneurial spirit that define PS Logistics. Their expertise, customer relationships, and operational knowledge will make the entire PS Logistics family stronger as we continue to build one of the leading transportation and logistics platforms in North America.”
“This partnership is a strong cultural fit. Both companies put drivers first, value integrity and safety, and treat people with respect. For our team and customers, it means we keep the local leadership, culture, and service you know, while gaining the resources and scale to invest further in our people and operations,” said Steve Kennedy, co-founder of Roane, who will continue to lead the Roane division.
