A Mississippi trucking company has been purchased by one of the nation’s fastest growing flatbed truckload brokerages.
Clay’s, a Brookhaven, Mississippi company focused on trucking and brokerage flatbed shipping in the southeastern US, has been purchased by P&S Transportation LLC, reported Magnolia State Live.
P&S is considered one of the country’s fastest growing providers of flatbed truckload transportation and logistics, largely serving customers in the building materials, oil and natural gas, and steel industries. Clay’s has a fleet of 35 tractors and 50 trailers, and primarily hauls general flatbed freight, including lumber, metals and steel.
“This was a startup for us,” said Bernie Reed, a founder of Clay’s. “We built it and sold it to a strategic buyer.”
“Clay’s brings great freight synergies to both our companies as well as our customers,” PS Logistics CEO Scott Smith said. “It also further establishes our driver base in the Southeast and adds our first trucking terminal in Mississippi to our growing national network.”
P&S believes that the acquisition will provide Clay’s customers and drivers with new service offerings and additional capacity. Clay’s will continue to operate under the Clay’s brand name.
“P&S will be a great partner for our business,” said James Waldrop, who will manage Clay’s as a separate division of P&S. “Both of our companies are committed to our drivers and their success, and we share a positive culture that creates an ideal environment for everyone to grow and prosper.”