Trimac acquires Doyle Sims & Sons Trucking; its 4th acquisition this 12 months

Trimac Transportation this week introduced it has acquired Doyle Sims & Sons Trucking together with its brokerage operations.

Phrases of the deal weren’t disclosed.

The Gleason, Tennessee firm is a market chief in dry and liquid bulk hauling, primarily servicing the South and Midwest. Trimac supplies bulk delivery options in each Canada and the US whereas augmenting its community with companions in Mexico. Sims & Sons is the fourth transportation firm acquired by Trimac this 12 months.

The acquisition of Sims & Sons will enhance Trimac’s fleet dimension by greater than 110 tractors and 120 trailers, which embody liquid and pneumatic tankers in addition to dump trailers. Along with the asset division, Sims & Sons’ premier brokerage providing enhances the corporate’s asset operations by offering expanded capability with high quality, dependable carriers, in keeping with an announcement from Trimac.

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“In buying Doyle Sims & Sons Trucking Inc., we aren’t simply including one other firm to our portfolio, we’re integrating three-quarters of a century’s value of expertise, data, and legacy into the Trimac household,” stated Trimac President and CEO Matt Faure. “This fourth acquisition of 2023 symbolizes not simply development, however a continuation of our dedication to excellence.”

Sims & Sons was based in 1949 by Doyle Sims. His son David Sims joined the corporate in 1982 and was majority proprietor previous to the acquisition. Johnny Wagster— the present CEO — joined Sims & Sons in 1998 and can proceed his involvement within the enterprise after this acquisition.

Doyle Sims & Sons Trucking presents quite a lot of companies in a specialised part of the freight {industry} over native, regional and a few long-haul lanes. Together with its brokerage division DSS Logistics, Sims & Sons routinely hauls bulk uncooked supplies utilizing pneumatic tankers, liquid tankers, and dump trailers, together with finish dump and hopper backside trailers. Commodities hauled embody clay, sand, oils and different non-hazmat merchandise.

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Trimac Transportation was based in 1945 as a small household trucking firm based mostly in Saskatchewan and is now one of many largest transportation service firms in North America. With over 140 branches and a variety of expertise and companies, supplies bulk delivery options. 

Tenney Group, an industry-specialized mergers and acquisitions advisory agency, acted as advisor to Sims & Sons. Ashesh Pansuria, VP of Tenney Group, shared, “Given the lengthy historical past of Sims & Sons, it was vital to the sellers that the corporate transitioned to a purchaser with the identical dedication to offering high quality service and providing its workers with continued development alternatives. I truthfully can not consider a greater pairing.”

Tenney Group is a merger and acquisition advisory agency that has been devoted to the transportation and logistics {industry} since 1973. Tenney Group primarily supplies sell-side advisory companies for firms with annual revenues starting from $20M to $300M.