Schneider National (CCJ Top 250, No. 9) on Tuesday said it has acquired West Bridgewater, Massachusetts-based M&M Transport Services, a 500 truck and 1,900 trailer provider of transportation, intermodal and logistics services. Terms of the deal were not disclosed.
M&M Transport (No. 148), a dedicated contract carrier, primarily provides custom solutions for the retail and manufacturing segments, including some Fortune 500 companies, from 12 locations in the Northeast, Midwest and Southwest.
“By combining our respective expertise, knowledge and resources, we will be better positioned to meet the evolving needs of our customers and expand our reach in the Dedicated market,” said Schneider President and CEO Mark Rourke. “This is an exciting opportunity to leverage the best of both companies and use our complementary capabilities to deliver enhanced value to our customers and stakeholders.”
The acquisition puts Schneider on a path toward $1.5 billion in annual dedicated contract revenues, the company said, and 6,500 dedicated tractors in service.
M&M Transport will operate as a wholly owned subsidiary of Schneider and its financial results will be reported in dedicated operations as part of the truckload segment beginning in the third quarter this year.
“Both companies have a successful history of Dedicated operational excellence, a reputation for superior customer service and a common foundation of core values – so our cultures are an excellent match,” said M&M Transport Founder Mark Warsofsky. “Now, as a wholly owned subsidiary of Schneider, M&M Transport will continue to leverage our strengths while capitalizing on Schneider’s broad capabilities and resources to support continued growth and the consistent, reliable service that our customers expect from M&M Transport.”
The acquisition is at least the 12th made this year by a CCJ Top 250 fleet.
