DALLAS–(Enterprise WIRE)–Generational Capital Markets, Member FINRA/SIPC and A quantity one mergers and acquisitions advisor for privately held companies, is joyful to announce the sale of its storeper, Clay’s Transport, Inc. (and its sister entity, Clays Logistics LLC) to P&S Transportation, LLC (a subsidiary of PS Logistics). The acquisition closed October 31, 2022.
Clay’s Transport, Inc. (CTI) is a supplier of widespread freight and diesel restore providers. Trucking providers embrace dry van, flatbed, heavy haul, and full-scale third-halfy (3PL) freight supply brokerage providers by way of its sister entity, Clays Logistics LLC. Each corporations furtherly supply an on-website, full-service mechanic store from its facility in Brookhaven, Mississippi. Clay’s Transport, Inc. and Clay’s Logistics, LLC have been both owned by Reed Capital Buyers and James Waldrop.
Based in 2004 and headquartered in Birmingham, AL, PS Logistics Is Amongst The numerous largest and quickest rising flatbed transportation and multi-modal logistics suppliers in America. PS Logistics currents full-service transportation providers, collectively with asset-based mostly transportation, non-asset-based mostly transportation, brokerage, third-halfy logistics managed transportation, warehousing, And current chain providers. This hybrid mannequin delivers optimum flexibility To deal with buyer’s transportation wants throughout numerous industries all by way of America.
“Clay’s brings good freight synergies to both our corporations As properly as to our buyers,” said Scott Smith, CEO of PS Logistics. “It furtherly further establishes our driver base Inside the Southeast and provides our first trucking time periodinal in Mississippi to our rising nationwide community.”
Groupally, CTI Shall be managed by James Waldrop as a separate division of P&S Transportation beneath the management …….