Post Capital Partners and Management Acquire Smith Transportation Services

Post Capital Partners  has partnered with the existing management team – Steve Smith, Bill Nichols, Jeff Maser and Christine Postlmayr – to purchase Smith Transportation Services, LLC from its previous owners.

Founded in 2001, Smith Transportation is a national full-service third-party logistics & asset-light transportation services provider, with a leading presence in the Florida market. The Company’s comprehensive brokerage servicing offering spans nationwide, across multiple modes of transportation, including Load-to-Ride (“LTR”), Less-than-Truckload (“LTL”), truckload and rail/intermodal brokerage. Additionally, Smith Transportation maintains exclusive relationships with owner-operator drivers, enabling the Company to provide dedicated capacity to customers who maintain regularly scheduled routes.

“Smith Transportation has a longstanding reputation of providing critical transportation solutions for its customers on a nationwide basis,” said Michael Pfeffer, Managing Director of Post Capital. “We are thrilled to partner with Steve Smith and the rest of the management team to support them as they implement the Company’s growth initiatives, which includes adding additional talent, expanding the Company’s LTR service to additional geographies and potential tuck-in acquisitions.”

Smith Transportation’s unique LTR service offering has proven to be an attractive alternative to many shipper-customers that have traditionally utilized LTL to ship partial truckloads due to what it refers to as “competitive pricing, faster delivery times and reduced freight handling and damage.”

The Company currently offers its LTR product outbound from Florida, Southern California and the New York metro area, but intends to expand its LTR services to additional geographies in the future.

 

Category: General Update, News