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 ago as Wil-Trans and has grown its geography, notably in the Pacific Northwest, and service offerings through the acquisitions of Jim Palmer Trucking, O&S Trucking, RJ’s Transportation, Haney Truck Line and most recently Market Transport.
Before the round of acquisitions began in 2014, the company ran a fleet of 175 trucks. It now provides full TL, heavy-haul and high-cube freight out of multiple locations, which offer yard management services as well. The company also operates dedicated fleets and provides power-only options.
The deal will “expand ADS’ brokerage and distribution operations in the western United States,” the statement continued. “We are excited to welcome members of the Wilson team, as we continue to service existing customers and expand upon the strong legacy established by Wilson.”
Wisconsin-based parent company Ashley Furniture Industries is the largest manufacturer of home furnishings in the world, with over 20,000 storefronts in 155 countries. The company handles all phases of the process from design through fulfillment. Its retail operation, Ashley HomeStore, has more than 1,070 locations in 60 countries.
Tenney Group, an industry-specialized M&A advisory firm, advised Wilson Logistics during the transaction. Tenney Group CEO, Spencer Tenney, shared, “This transaction allows each party to meet the growing industry challenges and growth opportunities in a very meaningful way. I think we will see more creative transactions like this in 2022.”
For industry articles related to this transaction, visit:
Trucking Industry M&A Activity Surges During 2021 | Transport Topics (ttnews.com)
More Trucking Acquisitions Ahead for 2022 | Transport Topics (ttnews.com)
For more information on Tenney Group, visit www.thetenneygroup.com.
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