ABF Logistics today announced the company has acquired Smart Lines Transportation Group, LLC, a truckload brokerage firm that is domiciled in Oklahoma City, Oklahoma.
ABF purchased the company for $5.17 million in cash. The acquisition takes effect immediately.
Smart Lines was founded in 2003 by Greg Roush. The company has 24 employees and earns approximately $18 million a year. Smart Lines primary brokers the food, energy and industrial industries.
Roush served as Smart Line’s president. he will now serve as the Oklahoma City branch director.
“The purchase of Smart Lines Transportation Group is an important step in our strategy to grow the emerging businesses at ArcBest and provide a variety of supply chain services to our customers in the way they expect,” said ABF Logistics President Jim Ingram. “We believe the talent pool in Oklahoma City is vibrant and thriving, making it an ideal location for ABF Logistics’ first branch outside the Fort Smith area. We have plans to aggressively expand this branch and are excited about the growth prospects ahead.”
“Smart Lines is a natural fit for ABF Logistics as we both promote a strong customer centric focus,” Roush said. “Our current and future customers are gaining greater access to more resources through ABF Logistics and its sister companies ABF Freight and Panther Premium Logistics. We’re excited to become part of the broader ArcBest team, with its reputation for going above and beyond to solve complex transportation needs.”
Source and Image Credit: ABF