Ascend acquires Wisconsin-based trucking company Fuchs Trucking

Truckloader Ascend announced Monday its fourth acquisition of the year with the purchase of Fuchs Trucking LLC, a regional truckloader headquartered in Sauk City, Wisconsin.

Fuchs Trucking was founded in 1955 and serves customers in the building materials and furniture industries. The Midwestern dry van carrier has 96 trucks and 90 drivers, according to the Federal Motor Carrier Safety Administration.

The financial terms of the transaction were not disclosed.

“Fuchs’ geographic footprint and customer focus make them a perfect complement to the Ascend network,” Ascend CEO Michael McLary said in a statement. “We will continue to acquire regional truckload companies that are a good fit with Ascend, embedding our technology and driver-friendly routes and policies while strengthening network density.”

The acquisition brings Ascend’s assets to more than 1,100 tractors and over 3,200 trailers. Based in Jackson, Tennessee, Ascend launched in January as a dry van, full truck load carrier focused on the mid-mile freight markets. The company is backed by private equity firm Wellspring Capital Management Group, headquartered in New York.

Ascend was formed in January through the acquisition of Jackson-based Milan Supply Chain Solutions and Potonoc, Mississippi-based J&B Services. In the same month, the company also acquired Dedicated Transportation Solutions. In addition to its trucking division, Ascend operates a truckload brokerage.

Jay Doescher, President of Fuchs Trucking, will remain with the company after the acquisition.

“We will benefit from working with Ascend to expand our capabilities and improve our purchasing power, thereby strengthening our competitiveness in the regional truckload market,” Doescher said in a statement.

Ascend’s announcement follows a spate of mergers and acquisitions in the truck industry in recent months. Werner Enterprises also announced Monday that it has acquired freight broker ReedTMS Logistics for $112.4 million. The transaction also included the acquisition of a small dedicated carrier. In September, Ryder System acquired Baton, a San Francisco-based logistics tech startup.

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