Lance Morgan, Ho-Chunk Inc chief executive officer and president, announced that a member of its Flatwater Group division, Flatwater Transportation, acquired Riedemann Transport Inc of Paullina IA. Ho-Chunk is the economic development corporation of the Winnebago Tribe of Nebraska.
Riedemann has been in business for 20 years, specializing in refrigerated trucking to local and national customers throughout the United States. Flatwater Transportation is headquartered in Winnebago NE and has terminals in Bellevue NE and now with the acquisition, Paullina. Ho-Chunk’s logistics division specializes in cost-effective shipping solutions, including transportation, distribution, and warehousing.
“We are always looking for solidly performing companies to join our corporation to enhance our product offerings and bring value-added services to our customers,” said Morgan. “We anticipate the addition of Riedemann Transport will enable us to maintain jobs in the Paullina community, while adding even more jobs across the communities in which we operate.”
Micah Powers, CEO of Riedemann, said, “I made the decision to have Riedemann join with Flatwater Transportation at this time because of the corporate infrastructure at Ho-Chunk Inc, which will enable us to provide better service to our customers. Their strong financial position and entrepreneurial spirit positively translates into growth opportunities, too.”
Ian Rodgers, senior business development manager of the Flatwater Group, said, “We are pleased that Micah Powers, his staff, and the owner-operators of Riedemann Transport will continue their dedicated employment as part of the Flatwater Transportation team.”
The acquisition is effective immediately. With the continuity of staff and location, daily operations are expected to be seamless.
For more information, go to www.hochunkinc.com.
