Penske Logistics has successfully completed the acquisition of Black Horse Carriers, Inc., a privately held logistics company. It announced the agreement to acquire the Chicago-based trucking company in November 2020.
“The Penske organisation has had a longstanding and valued relationship with Black Horse Carriers for many years,” said, Marc Althen, president, Penske Logistics. “This acquisition will be complementary to our existing portfolio of customers and industries within our dedicated contract carriage business. We look forward to working with the Black Horse Carriers team on this acquisition and the integration of our operations.”
“We are pleased to have completed the acquisition and we now look forward to our work together as one team in the coming year,” said, Althen.”We remain focused on delivering exceptional customer service as we integrate this business into our existing dedicated contract carriage operations.”
“We’re very excited about joining the Penske organisation,” said Ken Landego, CEO of Black Horse Carriers, Inc. “The synergies created by the combination of both companies will benefit our customers from a service-level standpoint and elevate our technology capabilities. We look forward to this new journey together.”
Founded in 1925, Black Horse Carriers is a privately held trucking company that provides services to the food and grocery, retail, bakery, dairy, CPG, manufacturing, and automotive industries. The company currently employs more than 4,000 people, operates a trucking fleet of more than 2,000 vehicles, and services customers from more than 90 terminals across the United States.
Source: Penske Logistics
