Groendyke Transport (CCJ Top 250, No. 106) announced this week a definitive agreement to acquire all the tank truck assets of Linden Bulk Transportation (LBT) from Depot Connect International's Boasso Global. LBT was purchased by Boasso last year. The companies anticipate a closing date of Sept. 23.
The acquisition will expand Groendyke’s footprint to Ohio, Pennsylvania, and New Jersey, and solidify its strong presence in the Gulf, the company said.
“We are excited to bring the folks at Linden Bulk into the Groendyke family,” said Groendyke CEO Greg Hodgen. “We can’t wait to show them a big welcome and add them to our very strong team.”
Founded in 1982, LBT has seven locations in six states. Both companies are tank truck carriers that specialize in hauling petroleum products, chemicals, and other bulk hazardous materials.
Once the transaction closes, Groendyke will have terminals in 18 states, including its first presence in the Northeast since 2015.
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