TransWood Announces Acquisition

OMAHA, Neb.--(BUSINESS WIRE)-- TransWood, Inc., a privately-owned trucking company specializing in liquid and dry bulk transportation, announces the agreement to acquire certain assets of Sinclair Trucking Company LLC (“Sinclair Trucking”), with a closing expected in September 2023. Sinclair Trucking manages the delivery process of high-quality petroleum products, logistics support, and fuels to retail stations in the following markets:

“This acquisition allows us to expand our footprint and geography with a major key customer,” Brian Wood, President of TransWood stated. “In addition to their fleet, Sinclair Trucking has highly-skilled drivers, mechanics and management personnel that we believe will be a great addition of knowledge and experience to service the customer base in the safest manner, employing better-than-industry best practices. We are currently working with Sinclair Trucking to transition personnel to our organization.”

About TransWood:

A family-owned nationwide hauler of bulk commodities has been in business since 1928; steadily growing by achieving excellence through superior systems, training, and dedication which ensures TransWood will provide a level of disciplined quality service that exceeds customers’ expectations. For more information on TransWood, please visit www.TransWood.com.

Terms of transaction not disclosed.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230808320329/en/

Todd Sanning - TransWood
Director of Marketing & Recruiting
Office: 402.432.7487
Email: [email protected]

Source: TransWood, Inc.

You May Also Be Interested In

• Top Integrated Oil Stock According To TD Cowen
• KI Advances the Future of Learning Spaces Following EDspaces 2026
• Analyst models potential market reaction to a SpaceX-Tesla all-stock merger