Graebel To Sell Van Line and U.S. Moving Centers to Peterson Holding Company

Celadon today announced the company has purchased A&S Services Group, LLC (A&S).

I look forward to bringing the vast, leading edge resources of Celadon to our customer base,” commented Ken Buck, President of A&S.  “This should help further accelerate our aggressive growth plans in the Mid-Atlantic and the Northeast.”

A&S is a regional for-hire and dedicated truckload carrier, based in New Freedom, Pennsylvania. A&S provides dry van services to the Mid-Atlantic and Northeast regions.

According to a press release from Celadon, current A&S management will remain in place, and the company will continue to operate under the A&S Kinard name. Drivers and administrative staff should not notice a change, Celadon said.

A&S  currently has approximately 500 trucks, 1,500 trailers and approximately 500,000 square feet of warehouse space.

Celadon paid $55 million for the deal and acquired $31.8 million in operating leases.

“The various companies of A&S will be a terrific complement to our strategic footprint,” commented Paul Will, Celadon President and Chief Executive Officer.  “Ken Buck has assembled an excellent operating team, focused on providing a high service level to customers.  We plan to keep his executive team and administrative organization in place, while providing the necessary resources to expand operations.”

“A&S is an excellent company with exceptional people that will enhance and expand Celadon’s leadership position in the transportation and logistics industry,” commented Will.  “We’re pleased to have A&S as part of the Celadon family and look forward to building on the synergies that this new relationship is expected to bring to the customers we serve.”

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