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  6. Groendyke Transport Acquires McKenzie Tank Lines

M&A Deal Summary

Groendyke Transport Acquires McKenzie Tank Lines

On October 25, 2018, Groendyke Transport acquired transportation company McKenzie Tank Lines

Acquisition Highlights
  • This is Groendyke Transport’s 1st transaction in the Transportation sector.
  • This is Groendyke Transport’s 1st transaction in the United States.
  • This is Groendyke Transport’s 1st transaction in Florida.

M&A Deal Summary
Date 2018-10-25
Target McKenzie Tank Lines
Sector Transportation
Buyer(s) Groendyke Transport
Deal Type Add-on Acquisition

Target

McKenzie Tank Lines

Tallahassee, Florida, United States
McKenzie Tank Lines, Inc. has grown from two tank trailers hauling petroleum products to a large, diversified fleet with 14 terminals in six states. Employing about 200 drivers, the MTL team embodies the company's reputation for reliability, service, safety and integrity.

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Buyer(S) 1

Buyer

Groendyke Transport

Enid, Oklahoma, United States
Category Company
Founded 1932
Sector Transportation
DESCRIPTION

Groendyke Transport, Inc. is a provider of superior, dependable transportation services and bulk logistics solutions that consistently deliver value to leading companies that place a premium on safety and performance. Groendyke Transport is a privately held, family-owned company and a seven-time Heil Trophy winner for best overall safety record and program in the country.

DEAL STATS #
Overall 1 of 1
Sector: Transportation M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 1
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