Bison Transport Acquires Pottle’s Transportation
[Stay on top of transportation news: Get TTNews in your inbox.]
Bison Transport has acquired Hermon, Maine-based truckload carrier Pottle’s Transportation, it was announced Oct. 12.
The transaction will be effective Oct. 31. Bison will acquire all issued and outstanding shares of the trucking company through an affiliate. Financial details will not be made public.
“We are excited about the next step in our U.S. growth,” said Rob Penner, CEO of Winnipeg, Manitoba-based Bison. “The investment in Pottle’s punctuates our commitment to the region, the customers and the great people we have in our business. We look forward to connecting our most recent acquisition of Hartt Transportation Inc. with Pottle’s as we continue to build Bison Transport USA.”
Pottle’s is a second-generation business that was founded over 60 years ago by Cliff Pottle. It was then passed on to his son, Barry Pottle, a former American Trucking Associations chairman who led the company as its president until the acquisition. Pottle’s boasts a fleet of over 200 tractors and 750 trailers as well as a logistics offering. Bison currently has a fleet of over 2,600 tractors and 9,000 trailers.
“I have respected and admired Bison for setting the bar when it comes to safety and success,” Barry Pottle said. “I have come to know Bison well through our various industry associations and being members of the same TCA benchmarking group, which has led to us growing relationships with many of their people. I am thrilled for our Pottle’s team to join forces with the Bison team for endless opportunity and success for years to come.”
Bison said Pottle’s was an attractive purchase because of its long-tenured customer base and low driver turnover, as well as its focus on safety, a quality fleet and a strong company culture.
Bison Transport ranks No. 53 on the Transport Topics Top 100 list of the largest for-hire carriers in North America.
Want more news? Listen to today's daily briefing below or go here for more info: