Seattle-based truckload carrier Haney Truck Line said Tuesday it has purchased two Northwestern truckload companies, Washington-based Puget Sound Truck Lines and Oregon-based Nickel Plate Express.
The combined entities will operate under the Haney brand and create one of the largest West Coast truckload transportation fleets, Haney said in a statement. Terms were not released.
The transaction was facilitated by Haney’s senior management team and through equity firm Evergreen Pacific Partners, Seattle, which manages $700 million of equity and invests in private, traditional industry, middle-market in North American companies.
Haney also will assume leased property in Eugene and Portland, Ore., Commerce and Woodland, Calif., and in Everett, Bellingham and Tacoma, Wash., adding to the five terminals and various other parking yards Haney it maintains throughout the Northwest.
“This transaction will allow us to better serve existing customers, offer compelling expanded service offerings to new customers, and provide greater capacity to the broader West Coast truckload market,” said Mike Richardson, president of Haney Truck Line.
With 165 tractors and 466 trailers, and 65 contractors, PSTL and NPE are among the oldest and most recognized truckload carriers in the Pacific Northwest and California. With more than 500 employees, 400 tractors and 1,000 trailers, Haney is one of the largest truckload carriers in the greater Pacific Northwest.
