Addison Trucking Firm Daseke Adds Three More Carriers, Pushing It Past $1 Billion Mark

Addison-based trucking company Daseke Inc. is acquiring three more carriers in a move expected to push the fast-growing firm past the $1 billion mark in annual revenue.Daseke is adding flatbed and specialized carriers Tennessee Steel Haulers & Co., the Roadmaster Group and Moore Freight Service."Today is a significant milestone for Daseke, as our company's total revenue, EBITDA and fleet size are all now approximately 40 percent larger," said president and CEO Don Daseke in a statement. "We've added three exceptional organizations to our family of operating companies focused on unique sectors with promising growth characteristics."The acquisitions put Daseke on track for pro forma revenue of $1.2 billion and $143 million in earnings before taxes and depreciation in 2017, the company said. In 2009, Daseke's first year of operations, it had revenue of $30 million and earnings of $6 million.Nashville-based TSH & Co. is a second-generation trucking company with an 1,100 flatbed-focused fleet with a 100 percent owner-operator model. Phoenix-based Roadmaster Group is a high-security cargo carrier. Mascot, Tennessee-based Moore Freight Service delivers commercial sheet glass throughout the Midwest, East Coast and Canada.Craig Stanley, co-CEO of TSH & Co. with his brother Gregg, said his company spent several years developing a relationship with the Daseke management team."The way Daseke does business convinced our family that a merger was the right move for our future growth," he said. "Don (Daseke) ... runs the company the way you would want it run."Daseke took his namesake company public in February and has aggressively grown the business this year through acquisitions. It also has acquired R&R Trucking, Schilli Companies, Big Freight Systems and Steelman Companies.  Continue reading...

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