Mike
Well-Known Member
Transaction Creates One of the Largest West Coast Truckload Transportation
Providers
SEATTLE--(Business Wire)--
Haney Truck Line, LLC (Haney), a leading provider of truckload transportation in
the Pacific Northwest, today announced the purchase of the operating assets of
Washington-based Puget Sound Truck Lines, Inc. (PSTL) and Oregon-based Nickel
Plate Express, Inc. (NPE). The combined entities, which will operate under the
Haney brand, create one of the largest West Coast truckload transportation
fleets. The transaction was facilitated by Haney`s senior management team as
well as through its equity partner, Seattle-based Evergreen Pacific Partners,
which manages $700 million of equity and invests in private, traditional
industry, middle-market companies in Western North America.
In addition to the operating assets, Haney Truck Line will assume leased
property in Eugene and Portland, Ore., Commerce and Woodland, Calif., and in
Everett, Bellingham and Tacoma, Wash., adding to the five terminals and various
other parking yards Haney already maintains throughout the Northwest.
"This transaction will allow us to better serve existing customers, offer
compelling expanded service offerings to new customers, and provide greater
capacity to the broader West Coast truckload market," said Mike Richardson,
president of Haney Truck Line.
With 165 tractors and 466 trailers, and 65 contractors PSTL and NPE are among
the oldest and most recognized truckload carriers in the Pacific Northwest and
California. With more than 500 employees, 400 tractors and 1,000 trailers, Haney
is one of the largest truckload carriers in the greater Pacific Northwest.
The companies carry products including beverages, paper, glass, aluminum, food
and other general commodities throughout eight Western states. They offer a
variety of services, including common and contract carriage, dedicated
resources, logistics services and single source transportation programs
utilizing 53` dry vans, 53` heavy-haul vans, and flatbeds. Haney will add
inter-modal services to its service portfolio as a result of the transaction.
The companies all maintain among the finest safety records in the trucking
industry.
This is the eighth transaction for Evergreen Pacific Partners and the fourth in
the state of Washington. Collectively, there are more than 2,000 employees
working for the Washington state companies in which Evergreen Pacific Partners
has invested. The company focuses on traditional buyouts, management led buyouts
and growth equity investments in middle-market companies operating in
traditional industries.
"This transaction fits the strategic opportunity we saw to grow Haney`s market
share in the West," said T. J. McGill, co-founding partner of Evergreen. "Haney
operates one of the largest, and most respected, fleets in the region and we
look forward to continuing to help them grow."
About Haney Truck Line
Haney Truck Line, LLC provides customized, mission critical truckload
transportation solutions to quality driven customers shipping in and between
Washington, Oregon, Idaho, California, Montana, Wyoming, Utah, Nevada as well as
British Columbia and Alberta, Canada. Providing a complimentary palette of
services, Haney leverages extensive experience, integrated technological
systems, and a honed proprietary approach to deliver industry leading
performance. More information is available on the web at Haney.
About Evergreen Pacific Partners
Based in Seattle, Wash., Evergreen Pacific Partners (Evergreen Pacific Partners | Private Equity | Seattle, Washington)
currently manages two private equity funds totaling $700 million, with a focus
on investing in traditional, middle-market companies in Western North America.
Evergreen Pacific was co-founded by Timothy Bernardez, T. J. McGill, and Michael
Nibarger. Evergreen Pacific`s acquisitions and investments include Western
Broadband (Phoenix, Ariz.), Finest City Broadcasting (San Diego, Calif.), Gene
Juarez Salons & Spas (Seattle, Wash.), Haney Truck Line (Yakima, Wash.),
Nuprecon (Snoqualmie, Wash.) and CST Environmental (Brea, Calif.).
Scoville Public Relations
John Williams, 206-625-0075
Providers
SEATTLE--(Business Wire)--
Haney Truck Line, LLC (Haney), a leading provider of truckload transportation in
the Pacific Northwest, today announced the purchase of the operating assets of
Washington-based Puget Sound Truck Lines, Inc. (PSTL) and Oregon-based Nickel
Plate Express, Inc. (NPE). The combined entities, which will operate under the
Haney brand, create one of the largest West Coast truckload transportation
fleets. The transaction was facilitated by Haney`s senior management team as
well as through its equity partner, Seattle-based Evergreen Pacific Partners,
which manages $700 million of equity and invests in private, traditional
industry, middle-market companies in Western North America.
In addition to the operating assets, Haney Truck Line will assume leased
property in Eugene and Portland, Ore., Commerce and Woodland, Calif., and in
Everett, Bellingham and Tacoma, Wash., adding to the five terminals and various
other parking yards Haney already maintains throughout the Northwest.
"This transaction will allow us to better serve existing customers, offer
compelling expanded service offerings to new customers, and provide greater
capacity to the broader West Coast truckload market," said Mike Richardson,
president of Haney Truck Line.
With 165 tractors and 466 trailers, and 65 contractors PSTL and NPE are among
the oldest and most recognized truckload carriers in the Pacific Northwest and
California. With more than 500 employees, 400 tractors and 1,000 trailers, Haney
is one of the largest truckload carriers in the greater Pacific Northwest.
The companies carry products including beverages, paper, glass, aluminum, food
and other general commodities throughout eight Western states. They offer a
variety of services, including common and contract carriage, dedicated
resources, logistics services and single source transportation programs
utilizing 53` dry vans, 53` heavy-haul vans, and flatbeds. Haney will add
inter-modal services to its service portfolio as a result of the transaction.
The companies all maintain among the finest safety records in the trucking
industry.
This is the eighth transaction for Evergreen Pacific Partners and the fourth in
the state of Washington. Collectively, there are more than 2,000 employees
working for the Washington state companies in which Evergreen Pacific Partners
has invested. The company focuses on traditional buyouts, management led buyouts
and growth equity investments in middle-market companies operating in
traditional industries.
"This transaction fits the strategic opportunity we saw to grow Haney`s market
share in the West," said T. J. McGill, co-founding partner of Evergreen. "Haney
operates one of the largest, and most respected, fleets in the region and we
look forward to continuing to help them grow."
About Haney Truck Line
Haney Truck Line, LLC provides customized, mission critical truckload
transportation solutions to quality driven customers shipping in and between
Washington, Oregon, Idaho, California, Montana, Wyoming, Utah, Nevada as well as
British Columbia and Alberta, Canada. Providing a complimentary palette of
services, Haney leverages extensive experience, integrated technological
systems, and a honed proprietary approach to deliver industry leading
performance. More information is available on the web at Haney.
About Evergreen Pacific Partners
Based in Seattle, Wash., Evergreen Pacific Partners (Evergreen Pacific Partners | Private Equity | Seattle, Washington)
currently manages two private equity funds totaling $700 million, with a focus
on investing in traditional, middle-market companies in Western North America.
Evergreen Pacific was co-founded by Timothy Bernardez, T. J. McGill, and Michael
Nibarger. Evergreen Pacific`s acquisitions and investments include Western
Broadband (Phoenix, Ariz.), Finest City Broadcasting (San Diego, Calif.), Gene
Juarez Salons & Spas (Seattle, Wash.), Haney Truck Line (Yakima, Wash.),
Nuprecon (Snoqualmie, Wash.) and CST Environmental (Brea, Calif.).
Scoville Public Relations
John Williams, 206-625-0075
