Service Transport recently agreed to acquire national bulk carrier CTL Transportation through a private sale process as a result of Comcar Industries, CTL’s parent company, filing for Chapter 11 bankruptcy.
According to a letter posted to social media by Service Transport president Wade Harrison, the acquisition of the Florida-based liquid chemical carrier will add approximately 150 drivers and 320 trailers to the company’s existing fleet.
“This addition also will new locations, new customers and new product lines to our portfolio,” Harrison said.
Adding CTL, which boasts 40 terminal and satellite locations across the country, also grows Service Transport’s existing bases in the Freeport TX and Mobile AL areas, and St Gabriel LA, the company said, and gives Service Transport new locations in Atlanta GA, Cincinnati OH, Jacksonville FL, Tampa FL and Sterlington LA.
“This will open new opportunities for our company and employees,” Harrison maintained.
Pending various court procedures, the purchase is set to close and become effective in late June or early July, Service Transport said, at which point all CTL activity will move to Service Transport’s realm of responsibility.
“Over the upcoming weeks, we will begin work on integrating the CTL employees into our team,” Harrison concluded.