The Furia Organization has announced it has signed a letter of intent to acquire 100 percent of the total assets of a trucking company in the Dallas-Fort Worth area. Furia — which didn’t announce the name of the trucking company or terms of the purchase — says the acquisition will add an additional 18 trucks to its family of logistics companies and increase its first-year revenues to about $12.8 million.
“This is a great acquisition for the Furia Organization,” says Mike Alexander, president of the Rockwall, Texas-based organization. “The company we are acquiring is turnkey. It generates net profits as of today. We believe by adding the value of Furia assets we can create even more positive revenues and increase shareholder value.”
Included in the acquisition will be office space for operations, a mechanics shop and a fenced yard for securing equipment. Furia also will assume existing contracts, which it says include Fortune 500 companies.
