ABF Logistics, a 3PL subsidiary of ArcBest, announced that it has acquired Smart Lines Transportation Group, a privately held truckload brokerage firm based in Oklahoma City, US, for $5.17m in cash. The acquisition closed on January 2, 2015.
Smart Lines, founded in 2003, has 24 employees and approximately $18m in annual revenue, primarily serving the food, energy and industrial segments. The acquisition expands ABF Logistics into the Oklahoma City market and creates the company’s first location outside its Fort Smith headquarters also in the US.
“The purchase of Smart Lines Transportation Group is an important step in our strategy to grow the emerging businesses at ArcBest and provide a variety of supply chain services to our customers in the way they expect,” said ABF Logistics President Jim Ingram. “We believe the talent pool in Oklahoma City is vibrant and thriving, making it an ideal location for ABF Logistics’ first branch outside the Fort Smith area. We have plans to aggressively expand this branch and are excited about the growth prospects ahead.”
With the acquisition, Smart Lines is now officially known as ABF Logistics. Greg Roush, who founded Smart Lines and served as President, has been named branch director of the Oklahoma City location.
The world's largest collection of global supply chain intelligence