M&A Summary

Celadon Trucking Services acquires assets from USA Dry Van

Celadon Trucking Services, a wholly-owned subsidiary of Celadon Group, announced it has agreed to purchase a portion of the operating equipment of USA Dry Van Logistics, based in McAllen, Texas.
Celadon stated the acquisition is part of its strategy to increase its density in its primary traffic lanes between the US and Mexico and reinforce its driver pool. “USA Dry Van is a leading truckload carrier with respect to cross-border shipments between the US and Mexico,” stated Paul Will, President and COO.
“Their footprint has tremendous potential to supplement the existing cross-border expertise for which Celadon is known and further accelerates our overall growth plans. Our companies also share a very similar, overlapping customer account base. As we have stated with previous acquisitions, we expect to assimilate many of these customers, as well as a portion of the USA Dry Van driver pool, within our operations efficiently and further improve asset productivity. We believe we can enhance the service to many of USA Dry Van’s former customers through upgraded equipment, advanced technology, additional assets available for dispatch, and an industry leading safety record.”

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