Universal Truckload Services has announced the acquisitions of four intermodal companies that will operate as part of its Mason Dixon Intermodal subsidiary: Marc Largent Inc. of Los Angeles in October 2005; Diamond Logistics of Houston in November 2005; Assure Intermodal of Memphis, Tenn. in January; and DiJulio Enterprises of Seattle, also in January.
According to Universal, the four companies generated combined gross revenues of about $28 million in 2005 through the support of about 170 owner-operators, 53 employees and six terminals, located in Texas, Tennessee, California and Washington. In addition to providing container delivery services, these companies also operate two full service storage, maintenance and repair facilities. Terms of the acquisitions were not disclosed.
“Prior to these strategic acquisitions, we provided intermodal services primarily in the eastern and midwestern United States through 21 terminals, including five depots and the support of approximately 400 owner-operators,” says Don Cochran, president and chief executive officer of Warren, Mich.-based Univeral. “These new additions begin our expansion into the western United States, increasing our service offering nationwide to 27 terminals, including seven depots which are supported by approximately 570 owner-operators. These additions bring with them experienced management and excellent reputations in their respective markets. These acquisitions are in line with our continuing evaluation of strategic acquisition opportunities.”
Universal provides transportation services throughout the United States and in the Canadian provinces of Ontario and Quebec. The company’s trucking services include both flatbed and dry van operations, and the company provides rail-truck and steamship-truck intermodal support services. Universal also offers truck brokerage services.