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PS Logistics of Alabama continued its acquisition technique over the summer time, finishing two offers in July and increasing its devoted trucking and brokerage capability.
The 3PL introduced two offers in July, one for the Birmingham, Alabama-based customized provider Custom work One other is a monetary brokerage and heavy transportation firm based mostly in Jacksonville, Florida Rinaudo Enterprises and its subsidiary Ringo Specialized Hauling. The phrases of every buy weren’t disclosed.
PS Logistics from Alabama has I got 28 Trucking and brokerage enterprise since 2016, which incorporates Eight deals Between July 2021 and November 2022, in accordance with the corporate.
The addition of Motion Devoted, which primarily serves the automotive elements market, strengthens the corporate’s devoted phase, PS Logistics stated in an announcement. Rinaudo’s companies complement PS Logistics’ brokerage division, whereas Ringo’s specialization in outsized hundreds opens new alternatives to serve the infrastructure, agriculture and forestry sectors.
Rinaudo was based in 1984 by Frank Rinaudo Sr. and Frank Rinaudo Jr. The corporate title will stay however will likely be managed by PS Logistics EVP Kevin Nixon, in accordance with the discharge.
Motion Devoted was based in 1995. It’ll additionally function underneath its present title however will likely be managed by David McKinley, Vice President of Operations at Motion Devoted.
PS Logistics stated its newest offers observe the corporate’s technique of buying “driver-focused corporations that complement present companies.”