PS Logistics, a privately held transportation and logistics company based in Birmingham, announced its subsidiary Diamond State Trucking & Logistics has acquired Yordy Transport, a founder-owned trucking company that specializes in flatbed shipping.
Financial terms of the transaction were not disclosed.
Headquartered in Morton, Illinois, Yordy Transport was founded in 2018 by Avery Yordy and primarily hauls railroad, steel, lumber, and building materials freight across the central and southeastern United States. Yordy Transport’s freight mix and geographic coverage are complementary to Diamond States’ and are expected to provide immediate opportunities to realize operational synergies, according to a statement from PS Logistics. Yordy Transport will now operate under the Diamond State name.
“We are excited to welcome Yordy Transport’s flatbed drivers and employees to the PS Logistics family,” said Scott Smith, chief executive officer and co-founder of PS Logistics. “This acquisition aligns nicely with our desire to partner with founder- or family-owned trucking companies that put their drivers first while also providing quality service to their customers, and PS Logistics is looking forward to the growth opportunities that will result from this acquisition.”
Avery Yordy, the founder and owner of Yordy Transport, said, “Diamond State will be a great partner for my business. Throughout the process of working with them, it became evident that they are committed to the drivers’ success, and I’m excited that Yordy Transport will now be a part of a larger organization that will provide greater freight choices to Yordy’s drivers and operational expertise to the business.”
The transaction continues PS Logistics’ acquisition strategy of partnering with families and quality owners within the transportation and logistics industry. Since 2016, PS Logistics has acquired 26 trucking operations and five non-asset logistics operations across the U.S.
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