Skip to content

Equity Firm Buys Keen Transport, Cressler Trucking


 UPDATED:
1/9/2012 11:45:00 AM
Write a Letter to the Editor



Print This
 

Los Angeles-based private equity firm Platinum Equity said it has acquired Pennsylvania carrier Keen Transport Co. Terms were not disclosed.

Platinum said it was buying the parent of heavy-haul logistics company Keen Transport, Carlisle, Pa., and general commodities carrier Cressler Trucking, which operates in the Northeast.

Bill Keen, who will remain CEO of Keen Transport, declined to say why he sold his family-owned company.

Keen Transport specializes in moving large and oversize equipment. It also provides logistics, light assembly, painting and installation of aftermarket accessories at 13 facilities near U.S. ports and co-located with customer production facilities.

“Partnering with Platinum Equity is very exciting for our organization, our customers, and all of our partners,� Bill Keen said in a statement. “Platinum understands our business and supports the integrity upon which this company has been built.�

The company was founded by Harold Keen and has been owned by the Keen family for 43 years.

In December 2010, an affiliate of Platinum purchased barge operator American Commercial Lines, Jeffersonville, Ind.

Follow Transport Topics on RSS Twitter Facebook


 Print This
 


© 2011, Transport Topics Publishing Group. All rights reserved.

 

 

RELATED ARTICLES

Equity Firm Buys Keen Transport, Cressler Trucking (1/9/2012 11:45:00 AM)
Robocom Acquires Accord Software (1/9/2012 9:15:00 AM)
Orbcomm Buys PAR Logistics Management (1/9/2012 8:40:00 AM)
Experts Predict More Mergers as Trucking’s Fortunes Improve (1/9/2012 3:30:00 AM)
Contrans Buys Ontario Trucking Company (1/6/2012 11:00:00 AM)
Livingston International Acquires Hipage Co. (1/6/2012 8:10:00 AM)
 

Click Here!

JOIN OUR NEWSLETTER
We'll deliver tax strategies to your inbox from our CPA firm.
We hate spam. Your email address will not be sold or shared with anyone else.