OneCompass adds Koleaseco to Hyway Transportation

OneCompass Holdings, an employee-owned acquisition holding company, recently acquired the assets of Koleaseco, an asset-based transportation provider with more than 30 years in business.

Upon closing of the transaction, Koleaseco, which is headquartered in Hudsonville, Michigan, will operate as part of Hyway Trucking, a division of Hyway Transportation, one of OneCompass’s portfolio companies. The acquisition enhances Hyway’s operational footprint and expands its service capabilities throughout the Midwest and beyond, the companies reported.

“I’m excited to see Koleaseco take this next step as part of the OneCompass portfolio under Hyway Transportation,” J.P. Koop, Koleaseco owner, said in a news release. “Koleaseco has always been grounded in strong values and a deep respect for our people—qualities that are equally present at Hyway and OneCompass.

“I’m confident this transition will create meaningful opportunities for our team and carry forward the legacy of service and integrity that has defined Koleaseco for over three decades.”

Dublin, Ohio-based Hyway is an asset-based carrier that specializes in temperature-controlled and dry van freight. Hyway, a subsidiary of FST Logistics, runs 130 power units, and Koleaseco runs 128 trucks, according to FMCSA data.

This is OneCompass’ fifth acquisition since its formation last year, according to a report.

“We’re excited to welcome the employees and customers of Koleaseco to the OneCompass family and the Hyway Transportation platform,” said Matt Hartman, OneCompass chairman and CEO. “They possess a strong legacy of operational excellence, customer dedication, and a culture that aligns well with our values. Their team and capabilities are a great addition to the Hyway network and will play a key role in speeding up our shared vision for national growth. We’re especially pleased to integrate their people into our employee ownership model, where they can help shape the future and share in the success they contribute to.”

Terms of the transaction, which was expected to close in August, were not disclosed.

“Our team was honored to guide the Koleaseco family through this important transition,” said Ashesh Pansuria, director at Tenney Group, which served as the sell-side advisor to Koleaseco. “This partnership reflects the value of multigenerational leadership, a culture of service, and strong strategic alignment between buyer and seller.

“We’re proud to have helped position both parties for continued growth.”