Posted on January 04, 2022
Wilson Logistics’ Western Operations Acquired by Ashley Furniture, Nation’s Largest Furniture Retailer. Tenney Group Advises.
Ashley Furniture has acquired assets from asset-based logistics provider Wilson Logistics. An affiliate of Ashley Distribution Services (ADS) inked the deal on December 27th. Terms of the financial transaction were not disclosed. Springfield, Missouri-based Wilson Logistics has a truckload fleet of over 1,200 trucks serving the western U.S. The family-owned company began more than 40 years […]
Tags: acquisition, mergers & acquisitions, Selling a Business
Category: Press Release
read morePosted on October 19, 2021
3 Signs Your Acquisition Effort is Dysfunctional
You are attracting a lot of deal flow. You are evaluating many companies as part of a potential purchase. It feels like you are doing all the right things… except closing deals. What is going on? Activity does not necessarily equal results. That is especially true when it comes to growth through acquisitions. Below are […]
Tags: acquisition, Buyer, M&A
Category: Articles
read morePosted on August 11, 2021
Ownership Alignment Key to Addressing Final Mile Opportunities and Risks
Prior to owning Tenney Group outright, my dad and I were business partners for eight years. We had always enjoyed a very healthy working relationship. As time went on, I began to see a very clear vision for where I wanted to take our business in the future. I desired to expand significantly to profoundly […]
Tags: acquisition, Buying a Business, final mile
Category: Articles
read morePosted on January 20, 2021
Q&A with Todd Reiser – Excess Auto Market Discussion
Q: What are the biggest challenges for larger transportation firms in today’s excess insurance environment? A: The pricing and availability of excess insurance coverage has been drastically impacted by the large number of adverse verdicts and settlements that have impacted the transportation industry. Prior to two or three years ago, the industry had grown accustomed […]
Tags: acquisition, business value, Buyer, commercial auto insurance, exit planning, final mile, insurance, mergers & acquisitions, passenger marketplace insurance
Category: Articles
read morePosted on January 19, 2021
Cardinal Logistics, an H.I.G. Capital Portfolio Company, Acquires NRX Logistics. Tenney Group Advises.
Stoughton, MA., Jan 19, 2021 – Cardinal Logistics (“Cardinal”), a portfolio company of H.I.G. Capital (“H.I.G.”), announced the acquisition of NRX Logistics (“NRX” or the “Company”). Founded in 1997 and headquartered in Concord, NC, Cardinal is a leading provider of dedicated transportation and logistics services in North America. Cardinal’s dedicated contract carriage (“DCC”) offering provides fully outsourced solutions […]
Tags: acquisition, final mile, press release
Category: Press Release
read morePosted on January 05, 2021
Fraley & Schilling Acquires KBT Enterprises. Tenney Group Advises.
Rushville, IN., Dec 31, 2020 – Fraley & Schilling a truckload carrier servicing all parts of the United States, announced the acquisition of the assets of KBT Enterprises located in Fishers, IN. Since 1995, KBT Enterprises Inc. has been providing quality pneumatic dry bulk trucking and transport services, hauling bulk materials such as lime kiln dust, dry bulk […]
Tags: acquisition
Category: Press Release
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