Texas-based flatbed and specialised haulage company, Daseke, has completed the acquisition of Aveda Transportation and Energy Services.
Aveda specialises in the movement of large oil rigs and worksite equipment in the North American market. Daseke paid USD42.6 million and cleared USD54.8 million of Aveda’s debt to complete the acquisition.
Don Daseke, chairman and ceo, said the deal presents numerous synergies not apparent in the purchase price. “Aveda outsources up to 35 percent of its long-distance rig movers to other carriers, and we have the equipment to capture some of this revenue through our various operating companies. In addition to cross-selling, we have also identified other benefits of scale in the way of purchasing, fuel and insurance,” he explained.
Aveda has 12 locations across North America and operates 1,500 pieces of equipment. Daseke operates more than 5,200 tractor units and 11,000 flatbed and specialised trailers.
HLPFI reported during mid-2017 that Daseke acquired Steelman Companies, along with The Schilli Cos and Big Freight Systems.