ST. LOUIS, July 30, 2015 /PRNewswire/ -- Transport United, Inc. ("TU"), a diversified transportation company based in St. Louis, Missouri, is pleased to announce the acquisition of North & South Logistics, Inc., a North Carolina-based freight broker doing business across the United States. The acquisition marks TU's first in the transportation brokerage industry and positions the company to further expand its brokerage and logistics capabilities.
"This is an exciting day for Transport United," said TU's President, Mike Lampe. "Steve Stutts built a first-rate operation at North & South Logistics and we're happy to have him joining the TU family. Steve is a leader we can build our business around as we grow our brokerage and logistics presence. I couldn't be more excited to work with him in the coming years."
Steve Stutts, who founded North & South Logistics in 2000, will remain with the company going forward and will continue to play an active role in day to day operations. He has over thirty-five years of logistics experience and relationships with some of the finest carriers in the industry. North & South Logistics focuses on LTL, truckload, and intermodal freight logistics throughout the continental United States, with particular emphasis on household goods.
"The depth of experience within Transport United was a big positive factor for me," said Mr. Stutts. "It's great to work with people who have been in the industry a long time. As an operator, that was really important to me. With TU's backing, I look forward to taking North & South to the next level and providing even better service to our customers. This is a strong team to work with."
Greenleaf Capital Partners, a St. Louis merchant bank, provided advisory services to Transport United throughout the transaction. The firm offers M&A advisory services including origination and capital sourcing to small and middle-market companies in a variety of industries.
Transport United expects to continue growth through organic initiatives and acquisitions. The company currently seeks freight brokerage, LTL, and logistics companies with profitable businesses. Excellent owners who seek to join the TU team are welcome, as are owners seeking an opportunity to exit the business. Interested parties should contact Kurt Meister at Greenleaf Capital Partners for a confidential conversation.
For more information, contact:
Director, Greenleaf Capital Partners
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SOURCE Transport United