Groendyke Transport has announced a definitive agreement to acquire all the tank truck assets of Linden Bulk Transportation (LBT) from Depot Connect International - a leading provider in the tank container services industry.
The companies anticipate a closing date of September 23.
The acquisition will expand Groendyke’s footprint to Ohio, Pennsylvania, and New Jersey, and solidify its strong presence in the Gulf.
“We are excited to bring the folks at Linden Bulk into the Groendyke family,” said Groendyke CEO Greg Hodgen. “We can’t wait to show them a big welcome and add them to our very strong team.”
Founded in 1982, LBT has seven locations in six states. Both companies are tank truck carriers that specialize in hauling petroleum products, chemicals, and other bulk hazardous materials.
Once the transaction closes, Groendyke will have terminals in 18 states, including its first presence in the Northeast since 2015.
Groendyke adds LBT a few months after winning its record ninth National Tank Truck Carriers North American Safety Champion Award, given each year to the carrier with the best overall safety record and programme.
https://groendyke.com
Groendyke to acquire Linden Bulk Transportation
