PS Logistics (CCJ Top 250, No. 23) has acquired 45-truck and 150 trailer Hammond, Louisiana-based flatbedder and heavy-hauler Fluker Transportation. Financial terms of the transaction were not disclosed.
Fluker, PS Logistics' fourth acquisition this year, will operate under the name of Blair Logistics, a subsidiary of parent company PS Logistics.
Fluker Transportation was founded in 2011 by James Watson and primarily hauls steel, construction equipment, and military defense related freight across the southeastern United States. Scott Smith, chief executive officer and co-founder of PS Logistics, said Fluker’s freight mix and geographic coverage are highly complementary to Blair’s and are expected to provide immediate opportunities to realize operational synergies.
“We are excited to welcome Fluker’s flatbed and heavy-haul drivers and employees to the PS Logistics family,” he said. “Fluker has continued to grow in a broadly challenged freight market, which is a testament to the company’s commitment to its drivers and service to its customers. Fluker aligns nicely with our desire to partner with founder- or family-owned trucking companies that put their drivers first, and PS Logistics is looking forward to the growth opportunities that will result from this acquisition.”
Founder and co-owner of Fluker Transportation James Watson called Blair and PS Logistics "great partners for this business," adding, "I’m excited that Fluker will now be a part of a larger organization that will provide greater freight choices to our drivers and more capacity to our customers, and bring operational expertise to the business.”
Partnering with PS Logistics represents a "transformative step forward" for Fluker, noted Peter Walker, co-owner of Fluker Transportation.
"This collaboration will fuel significant growth and enhance our drivers’ experience, positioning the business for long-term success," he said.
PS is in growth mode
Since 2016, PS Logistics has successfully acquired 27 trucking operations and five non-asset logistics operations across the United States. This year, PS has acquired Alabama-based Buddy Moore Trucking, the flatbed division of ELS, and Illinois flatbedder Yordy Transport.
