HTL Freight, the acquisitive 3PL based mostly in North Carolina that has bought a number of brokerages lately, has purchased TS3 Logistics, a California-based specialist in refrigerated truckload and refrigerated LTL transportation.
Of the 5 acquisitions that HTL has made since its 2021 change in possession, that is the second-largest buy. The particular value paid for TS3 was not disclosed.
Left Lane Associates was the advisor to HTL on the acquisition. Peter Stefanovich, the president of Left Lane, mentioned in an e mail to FreightWaves that HTL didn’t have in depth expertise within the refrigerated and temperature-controlled freight sector beforehand, and the acquisition of TS3 extends the corporate’s attain.
HTL was bought from unique administration by Onu Okebie and Brian Boland, Stefanovich mentioned. All of the acquisitions have come since then, he added, noting that the prior homeowners had not expanded the corporate by purchases.
HTL’s buy of TS3 was its first because it acquired 3PL CTS Logistics in 2024. That was the corporate’s largest acquisition.
“In simply 4 years, we’ve executed 5 focused acquisitions, each including power in key service modalities, geographic presence, and operational depth,” Okebie mentioned in a ready assertion. “This transfer expands us into the vital temperature-controlled freight sector whereas establishing a stronghold on the West Coast to enhance our attain throughout the Southeast, Northeast, Midwest, and Southwest.”
TS3 might be built-in below the HTL banner. There are 10 workers at TS3, and the acquisition will carry complete employment as much as 70, Stefanovich mentioned.
Boland, the co-owner who can be CFO of HTL, mentioned TS3 “brings a robust service fame, deep market information, and an entrepreneurial workforce.”
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