3PL Warehouse Services Buys Sky Transportation
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Third-party logistics specialist Warehouse Services said Sept. 28 it acquired El Paso, Texas-based Sky Trans Group Holdings, which operates as Sky Transportation Services, for an undisclosed amount.
Sky Transportation Services is a regional truckload carrier focused on dry van freight, principally in the Southwestern United States, including cross-border trade between the United States and Mexico.
Sky has 200 tractors and 500 trailers. The company’s new owner said the deal is expected to add over $60 million in annual revenue for Warehouse Services in 2023 and enhance the Greenville, S.C.-based firm’s cross-border capabilities.
WSI has acquired privately held El Paso, TX-based Sky Trans Group Holdings, LLC. Sky Transportation Services is a regional truckload carrier focused 100% on dry-van freight movements principally in the Southwestern US, including cross-border trade between the US and Mexico. pic.twitter.com/Suo2tDmPfX — Warehouse Services (@WSI_ISMI) September 28, 2023
“Sky is a great extension of our geographic footprint,” said Barry Cox, president of WSI. “The company provides greater density for us in key markets and, very importantly, it provides a meaningful expansion of capabilities across the border, which will enable us to better meet the needs of our customers. The acquisition also adds depth to our management bench.”
Cox
Sky CEO Albert Luna will remain in his position post-acquisition. “WSI and Sky have very similar cultures — where safety and customer satisfaction are pivotal to our value proposition. The enhanced set of services and scale that WSI provides will rapidly accelerate our strategic objectives,” said Luna.
WSI operates in 19 states and Canada, manages more than 20 million square feet and employs more than 4,000 people. It has three business segments: third-party logistics, freight brokerage and transportation.
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