Transport Topics Online
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
4/3/2012 3:30:00 PM Write a Letter to the Editor Write a letter to the Editor

Quality Distribution Buys Energy Logistics Firm


TT File Photo

Tank truck carrier Quality Distribution said late Monday that it has purchased Trojan Vacuum Services, a transportation provider for the oil and gas industry in the Eagle Ford shale region in Texas.

Trojan primarily hauls flowback and production water for energy customers, Quality said.

Quality purchased Trojan for $8.7 million in cash, with an additional $1 million contingent on future performance criteria.

Quality CEO Gary Enzor said the acquisition is “an important step” in expanding the company's energy logistics business in the Eagle Ford shale.

In 2011, Trojan generated $13.5 million in revenue. Quality said it expects the acquisition to be accretive to its earnings beginning in the second quarter of 2012.

By Transport Topics

Follow Transport Topics on Subscribe to get up to the minute news briefs and more from our feeds. RSS Twitter Twitter Facebook Facebook

© 2012, Transport Topics Publishing Group. All rights reserved.


 

 
LATEST NEWS



 
LATEST JOBS
Follow Us

Newsletters

TTExpress
This free daily newsletter delivers the latest headlines.

TT Executive Suite
This subscriber-only newsletter program tailors your news.

Services

Advertising




© American Trucking Associations, Inc., All Rights Reserved TTNews.com Privacy Statement