Integrated Freight has acquired refrigerated truckload carrier Bruenger Trucking Co. for $11 million, the companies said.
The deal brings 160 new tractors into Sarasota, Fla.-based Integrated Freight’s fleet, putting its total tractor count at about 700.
Bruenger, Wichita, Kan., brings about $21 million in new business to Integrated Freight, making the combined carrier an estimated $60 million company.
Like Integrated Freight, Bruenger is primarily a refrigerated carrier with some dry-van operations.
“Our goal is to create an efficient, nationwide network,” Integrated Freight CEO Paul Henley told Transport Topics.
“We feel like we’re getting good buys in companies that have done very well, given the terrible economic environment we’ve been through,” he added.
The Bruenger deal is Integrated Freight’s fourth acquisition since 2008. Integrated Freight was formed in 2008 with the combination of Morris Transportation and Smith Systems Transportation.
Since then, it has continued to purchase and consolidate trucking companies that were financially shaken in the aftermath of the skyrocketing fuel prices of 2008 and subsequent recession.