Direct Connect Logistix (DCL) and Tipton Holding Group, parent company of Hoosier Logistics, are joining forces to build the combined business into a national leader in third-party transportation and logistics services.
“We will immediately gain scale and resources from this transaction and will benefit from Hoosier’s roster of blue-chip food and beverage customers,” said DCL CEO Richard Piontek, who will lead the combined company. “We look forward to integrating Hoosier’s experienced management team into our operations and expect the combination will strengthen our service offerings, broaden our customer base and set the stage for our continuing North American expansion.”
“As we talked extensively with Rich at DCL about this powerful business combination, we became convinced that DCL shares our corporate values and has a growth plan that will benefit our employees and our customers as we build this platform together,” says Rob Likens, Hoosier Logistics’ CEO and Nick Likens, Hoosier Logistics’ COO. “We have worked hard over the past seven years to build Hoosier into what it is today and believe that joining with DCL will help all of us achieve our goals.”
From PR Newswire:
- Hoosier is a freight brokerage company with specialization in asset-light, temperature-controlled transportation solutions for the food, beverage and related industries.
- By joining together, Hoosier and DCL will significantly expand its ability to serve customers across North America.
- Nick Likens will join the combined company to help lead an expansion plan for DCL’s brokerage operations, while Rob Likens will lead the asset-based truckload services division.
“The freight brokerage industry continues to evolve and thrive in a volatile market with tight capacity and resulting rate pressure. Our acquisition of Hoosier Logistics further supports our strategy to develop a top North American transportation management platform and expand our capabilities with a deliberate and strategic focus on the cold chain segment,” Piontek says.