P&S Transportation acquires Florida-based specialised service Rinaudo

 P&S Transportation LLC, a PS Logistics subsidiary, introduced in the present day that it has bought all substantial transportation property of Rinaudo Enterprises Inc. and Ringo Specialised Hauling Inc., a privately owned interstate trucking and brokerage firm that gives specialised transportation providers for high-value industrial gear throughout the Southeast and Midwest.

Monetary phrases of the transaction weren’t disclosed. 

Headquartered in Jacksonville, Florida, Rinaudo was based in 1984 by Frank Rinaudo Sr. and Frank Rinaudo Jr. and has continued to function as a family-owned enterprise since its founding. Rinaudo maintains a fleet of 56 tractors and 75 trailers and primarily hauls oversize and chubby industrial gear for the infrastructure, development, agriculture, and forestry finish markets. 

With this transaction, P&S has established a specialised enterprise phase to additional improve and develop the providers offered to current and future prospects inside PS Logistics’ freight community, in keeping with an announcement from the corporate.

“We’re proud to welcome Rinaudo to the PS Logistics household,” stated Scott Smith, chief govt officer, and co-founder, PS Logistics. “Rinaudo brings extremely expert drivers, a longtime management group, and long-tenured buyer relationships to the PS Logistics household, and we stay up for persevering with the Rinaudo custom of delivering best-in-class service to its prospects.”

The acquisition will present Rinaudo, its prospects, and its drivers with expanded capability, new service choices, and elevated economies of scale. 

Organizationally, Rinaudo might be managed by Kevin Nixon as a separate division of P&S. Rinaudo will proceed to function underneath the identical identify.

“P&S might be a fantastic accomplice for our enterprise,” Frank Rinaudo Jr., president, Rinaudo stated. “We’re excited to accomplice with a bigger group that can be dedicated to its drivers and their success, and this may enable us to supply to our prospects a wider array of providers and elevated capability.”  

The Rinaudo acquisition continues PS Logistics’ acquisition technique of partnering with households and high quality homeowners inside the open deck trucking market. Since 2016, PS Logistics has efficiently acquired 28 trucking and brokerage operations. 

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