Celadon today announced the company has acquired 100% the stock of Taylor Express, Inc.
Taylor Express specializes in regional dry van and dry bulk for-hire and is based in Hope Miss, North Carolina. The company’s primarily serves the tire and retail industry in the South and Southeast.
In a press release, Celadon said that Taylor Express founder, Doug Taylor, and the founder’s wife, Dianne Taylor, and son, Robbie Taylor, will remain with the company, as will the company’s current management team, administrative team and drivers.
In addition, the company will continue to operate independently under the Taylor Express name.
Taylor Express was founded in 1987. The company currently operates 190 trucks and 840 trailers. Taylor Express generates approximately $38 million in annual revenue. “Taylor also has one of the most experienced and qualified fleets of driving professionals in the region with low driver turnover,” a press release from Celadon states.
Celadon acquired Taylor Express for approximately $43 million.
“I’m excited to bring the comprehensive, state-of-the-art resources of Celadon to our customer base,” commented Doug Taylor, CEO of Taylor Express, Inc. “This should help us continue to service our current customers and ultimately provide the necessary resources to offer more capacity to our customers and grow our revenue.”
“Taylor Express will be a tremendous addition to our strategic platform,” commented Paul Will, Celadon President and CEO. “Doug Taylor has brought together an outstanding management team, focused on providing excellent service to customers. Our plans are to keep his executive team and administrative organization in place, while providing the needed resources to grow operations.”
“With the addition of Taylor Express, Celadon will expand its leadership position in the transportation and logistics industry,” commented Will. “We’re happy to have Taylor as part of the Celadon team and expect to build on the synergies that this acquisition will bring to the customers we serve.”