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US Trucking Firm Daseke Adds Three Flatbed and Specialised Carriers
Thursday 07 December 2017

7 December 2017 - US-based flatbed and specialized transportation company Daseke, Inc. (NASDAQ: DSKE) (NASDAQ: DSKEW) has acquired three additional carriers, strengthening its position as a transformative force in the industrial goods trucking industry, the company said.

The three flatbed and specialized carriers added to Daseke's family of companies are Tennessee Steel Haulers and Co. (TSH and Co.), The Roadmaster Group and Moore Freight Service.

TSH and Co., The Roadmaster Group and Moore Freight Service are highly strategic additions to the Daseke family of companies for multiple reasons.

As a result of the closings, Daseke is now on track in 2017 to have USD 143m in pro forma EBITDA and USD 1.2bn pro forma in revenue.

This represents a compound annual growth rate of 48% in pro forma Adjusted EBITDA and 59% in pro forma adjusted revenue since the company's first year of operations, 2009, when EBITDA was USD 6m and revenue was USD 30m.

With the addition of The Roadmaster Group, an elite high-security cargo carrier, Daseke's position is further bolstered in an important niche market with limited carriers.

The Roadmaster Group is the parent company for Tri-State, the longest-tenured high-security cargo hauler in the country, founded in the 1930's.

Moore Freight Service expands capabilities as a major player in a unique, specialised niche, hauling sheets of commercial glass, as large as 17 by 10 feet and more than one inch thick, with highly customized trailers.

Based in Nashville, Tennessee and founded in 1977 by Sid Stanley, Tennessee Steel Haulers and Co. is now in its second generation of family leadership.

Led by brothers and co-CEOs, Craig and Gregg Stanley and their brother-in-law, Michael Sheehan, chief business development officer, the company conducts business through a 100% asset-light operating model with operations throughout the East Coast, Southeast and a strong presence in Mexico.

The Roadmaster Group, based in Phoenix, Arizona, was originally formed in 2011. In 2016, it purchased Tri-State, one of the largest high-security cargo carriers in the industry.

Led by John Wilbur, CEO of Roadmaster, the company brought in new ideas, such as a salary-type pay structure for drivers, instead of the industry norm of pay-by-the-mile.

Based in Mascot, Tennessee (near Knoxville), Moore Freight Service delivers commercial sheet glass throughout the Midwest, East Coast and Canada to companies that cut the glass to size in finished products.

Since it was formed in 2001 by CEO, Dan Moore, Moore Freight Service has been dedicated to becoming a market leader in this unique niche.

It began with one contract and three trucks, and has since grown to a team of highly experienced industry veterans utilising over 300 specialized trailers.

Daseke is a consolidator and the largest flatbed and specialised transportation and logistics company in North America.
Date Published: 07/12/2017
Target: Tennessee Steel Haulers and Co., The Roadmaster Group and Moore Freight Service
Country: USA
Sector: Road Transport/Freight Transport
Type: Corporate acquisition
Status: Closed
Buyer: Daseke, Inc
Terms of the deal were not disclosed