Eberhart Capital Acquires Poling Express, Building National Trucking Company
OMAHA, Neb., Feb. 5, 2013 /PRNewswire/ -- Continuing its strategy of acquiring trucking companies with distinguished reputations, strong customer bases, & long-term growth opportunities, Eberhart Capital, LLC has agreed to acquire Poling Transportation, Inc. (now Poling Express, LLC) in a stock and cash transaction. Poling, a leading Omaha-based provider of temperature-controlled freight transportation, was owned by Frank Lamer, Kevin Poling, & Pat Russell.
"Poling reflects the passion and consistency of its founder Gene Poling," said Dan K. Eberhart, Managing Director of Eberhart Capital. "This transaction combines a great company with a positive reputation throughout the trucking industry by focusing on driver safety, consistent customer service, and implementing innovative trucking technologies."
"For almost 30 years, one of my greatest pleasures has been to see Poling grow from year to year, helping our customers with consistent service," said Frank Lamer, Vice President of Poling Express.
"Poling is a highly respected refrigerated truckload carrier that has provided a high level of service for its customers since 1974 with their first dairy route," said Dan K. Eberhart, Poling Express' new Chairman of the Board.
Founded in 1974 by Gene Poling with a Le Mars, IA dairy entering the Omaha, NE market, Poling began with a contracted route with Wells' Dairy where the small company would deliver products to grocery stores, retirement homes, & hospitals for the next decade. The company has since expanded into hauling refrigerated goods across the country with the growth of the yogurt & ice cream industries. Together with Rogers, MN-based Twin Express, Inc. & Los Angeles based Golden Drop Trucking, Inc. the combined companies boast a fleet of over 200 trucks, over 1,500 carriers on file, and 200+ owner operators.
Poling will continue to operate under the existing management team in its current Omaha, NE location. Employees, including office staff, drivers and owner operators, will continue as always with the excellent pay, home time, and the health benefits they have come to expect.
About Eberhart Capital, LLC
Eberhart Capital, LLC is a leading private management firm with approximately $100 million in assets and revenue approaching $200 million from varied business sectors. Managing Director Dan K. Eberhart has completed 11 acquisitions since he founded Eberhart Capital to strategically enhance companies with distinguished track records by focusing on customer support & forward thinking innovations within the oilfield services, freight transportation, & construction industries.
SOURCE Eberhart Capital, LLC
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