Ruan Acquires National Truck Brokers

Ruan Acquires Nationwide Truck Brokers

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Des Moines, Iowa-based Ruan Transportation Administration Programs, one of many largest family-owned-and-operated transportation and logistics firms within the U.S., introduced Oct. 28 it has acquired Grand Rapids, Mich.-based Nationwide Truck Brokers.

Monetary phrases of the acquisition weren’t introduced.

In a press release asserting the sale, Ruan mentioned as an unbiased entity, NTB will preserve its longtime title, model and management construction, in addition to its facility places. The announcement additionally mentioned the Koster household, the longtime homeowners of NTB, will stay with the corporate as a part of the acquisition, offering “confidence that the integrity of the enterprise they constructed will likely be upheld.”

“Development by acquisition has been comparatively unusual at Ruan, however now we have carried out so selectively when there’s a real, strategic match and the chance to maintain and strengthen relationships with vital clients. We’ve discovered these optimistic parts at NTB,” Ruan CEO Ben McLean mentioned. “Each firms have been based by their first truck drivers, Dan Koster and John Ruan, so the 2 organizations have shared a foundational give attention to security all through their histories.”

NTB was based in 1974 by Dan Koster and earlier than this announcement the corporate was owned by his three sons, Rick, Greg and Kurt, who took over the trucking firm after their father’s loss of life at 59 in 1996.

Ruan mentioned as a part of the sale, NTB’s total fleet of vehicles will likely be changed by late-model Freightliner models as an enhancement for NTB’s driving group members.

“Refreshing NTB’s fleet is only one of many ways in which Ruan and NTB will companion to serve our valued clients and group members,” Ruan’s Senior Vice President of Operations Bob Elkins mentioned. “We’re actually excited for the long run as we collectively pursue the mission and goal of our household companies.”

Almost 50 years after it was based, NTB operates a fleet of greater than 235 vehicles with 270 group members hauling for grocery clients in Michigan, Indiana, Illinois, Iowa, Ohio, Kentucky and Wisconsin.

“My father constructed this nice group from the bottom up, and it’s our want to chart a protracted and affluent street forward for the corporate,” NTB Chairman Rick Koster mentioned. “Typically charting one of the best path to accelerating progress and sustainability requires taking strategic leaps like becoming a member of forces with the precise father or mother firm. This settlement with Ruan offers a fantastic alternative for NTB to proceed to develop and supply stability for our group members and clients.”

Ruan is a 90-year-old trucking firm that operates an estimated 3,500 vehicles and eight,000 trailers and has greater than 5,000 staff at 300 places throughout the nation. It ranks No. 38 on the Transport Subjects Prime 100 record of the biggest for-hire firms in North America.

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