It’s been a flurry of mergers and acquisitions for Daseke Inc. in 2017, the latest being transactions on Dec. 4 to bring Tennessee Steel Haulers & Co., The Roadmaster Group and Moore Freight Service into the family.
The Roadmaster Group, an elite high-security cargo carrier, adds onto a previous merger with R&R Trucking, which specializes in transporting high-security cargo such as arms, ammunition and explosives for the Defense Department.
With the addition of Moore Freight Service, Daseke can haul sheets of commercial glass, a fragile material that requires specialized handling.
“Today is a significant milestone for Daseke, as our company’s total revenue, EBITDA [earnings before interest, tax, depreciation and amortization] and fleet size are all now approximately 40% larger. We’ve added three exceptional organizations to our family of operating companies focused on unique sectors with promising growth characteristics,” CEO Don Daseke said.
“With the combined owner-operators at TSH & Co., The Roadmaster Group and Moore Freight Service, my estimate is that our asset-light mix run rate will be well-balanced at an estimated 50% by December 31, 2017. Those percentages exemplify our long-term strategic goal of managing a lower capital expenditure intensive, asset-right fleet mix.”
“The way Daseke does business convinced our family that a merger was the right move for our future growth,” said Craig Stanley, co-CEO of Tennessee Steel Haulers & Co. “Don [Daseke] has developed a remarkable business model. He runs the company the way you would want it run.”
“Daseke’s unique philosophy — ‘investing in people’ — was the concept that made myself and my family realize Daseke was the right fit for Moore Freight Service. With the support of Daseke, we are gearing up to become an even stronger force in our niche,” Dan Moore added.
Daseke ranks No. 42 on the Transport Topics Top 100 list of the largest North American for-hire carriers.