Posted on January 10, 2024
Birmingham, Alabama-based Buddy Moore Trucking has been acquired by PS Logistics (CCJ Top 250, No. 29), one of the largest privately held transportation and logistics companies in the U.S. Since 2016, PS Logistics has acquired more than two dozen trucking operations and five non-asset logistics operations across the country, and three in the last six months.
Buddy Moore Trucking, founded in 1999, operated for nearly 25 years as a family-owned business and grew to include a 130-truck flatbed division, 120-truck dedicated van division and a non-asset logistics division. The transaction enhances PS Logistics’ flatbed, dedicated dry van, and brokerage operations, and it diversifies its modal and service offerings in the Southeastern United States.
PS Logistics Chief Executive Officer and Co-founder Scott Smith said BMT complements PS Logistics’ “asset-right” operating model with expanded flatbed and dedicated dry van capacity, diversified geography and new end markets.
“We are very proud to welcome Buddy Moore Trucking to the PS Logistics family,” said Smith. “I have personally known the Moore family for decades and have tremendous respect for them and the company they’ve built over the last 24 years.”
Buddy Moore Trucking will operate as a stand-alone division of PS Logistics and continue to be managed by Buck Moore, BMT president and CEO.
“PS Logistics will be a great partner for our business,” said Buck Moore. “Over the years, I’ve witnessed how well they execute acquisitions and deliver value to their customers, drivers, and employees, and I look forward to what we will achieve together now that Buddy Moore Trucking has access to a larger freight network, additional capital, and wider array of customer solutions. Our family is very pleased that this transaction will continue to honor the legacy of Buddy Moore in this industry.”
PS Logistics on July 17 acquired Action Dedicated LLC and Action Dedicated II LLC, two subsidiaries of Action Resources LLC that specialize in dedicated transportation in the Southeastern United States. A week later it acquired Rinaudo Enterprises Inc. and Ringo Specialized Hauling Inc., a privately owned interstate trucking and brokerage company that provides specialized transportation services for high-value industrial equipment across the southeast and midwest.
Jason Cannon has written about trucking and transportation for more than a decade and serves as Chief Editor of Commercial Carrier Journal. A Class A CDL holder, Jason is a graduate of the Porsche Sport Driving School, an honorary Duckmaster at The Peabody in Memphis, Tennessee, and a purple belt in Brazilian jiu jitsu. Reach him at jasoncannon@randallreilly.com.
