Tuesday 01 December 2020

US-based supply chain management and logistics services provider Penske Logistics has reached an agreement to acquire Chicago, US-based trucking company Black Horse Carriers, Inc, the company said.

Financial terms were not disclosed.

This transaction is subject to customary closing conditions, including certain regulatory approvals. The parties involved anticipate closing the transaction on December 31, 2020.

Founded in 1925, Black Horse Carriers is a privately held trucking company that provides services to the food and grocery, retail, bakery, dairy, CPG, manufacturing, and automotive industries.

The company currently employs more than 4,000 people, operates a trucking fleet of more than 2,000 vehicles, and services customers from more than 90 terminals across the United States.

Penske Logistics is a Penske Transportation Solutions company with operations in North America, South America, Europe and Asia.

Penske Logistics provides supply chain management and logistics services to leading companies around the world. Penske Logistics delivers value through its design, planning and execution in transportation, warehousing and freight management.