Senior officers of Burlington Motor Carriers (BMC) said they intend to submit an offer to purchase certain assets and substantially all of the business of BMC within the next sixty days.
"We feel the opportunity to acquire a sound operating business with a healthier balance sheet, a roster of great customers, and a dedicated, hard-working team of associates is a worthy investment of time and capital,” said Thomas F. Grojean, chairman & CEO of BMC.
Grojean said the group has already begun discussions with potential equity partners to invest alongside the management team. BMC operates nearly 2000 power units and 5000 trailers throughout North America.
Terry A. Wallace, BMC’s president & COO, said the unique blend of expertise and product offerings within the company make it well-positioned for growth and development in the years to come, and will appeal to the investment community.
“We are now seeing the success associated with the efforts of the new leadership team the company has recently assembled,” Wallace said.