Phoenix-based Knight Transportation Inc. has finalized its purchase of most of the trucking assets of Roads West Transportation Inc
Oct. 24, 2006
Phoenix-based Knight Transportation Inc. has finalized its purchase of most of the trucking assets of Roads West Transportation Inc. Under the deal, Knight Transportation has acquired 133 2005-model or newer tractors, 280 trailers, and miscellaneous assets for $15.6 million.
Kevin Knight, chairman & CEO of Knight, said a review of Road West’s un-audited financial statements showed the company generated approximately $25 million to $30 million in annual revenue, including approximately $5 million in brokerage operations.
“We believe that Roads West has a good base of customers and employees, and that Knight can help in various operations and expense areas,” he said. “Roads West has a long history in the refrigerated market and also operates dry van and brokerage divisions. For the past several years, Roads West has leased space from Knight at our Phoenix terminal, so we are familiar with their leadership and operations. Based on the company’s profile and our knowledge of their operations, we expect a good fit with Knight.”
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