PS Logistics subsidiary P&S Transportation announced Thursday that it has acquired the transportation assets of Clay’s Transport and Clay’s Logistics.
The two companies, collectively known as Clay’s, are based in Brookhaven, Mississippi and provide pickup and brokerage services throughout the Southeast. Clay’s operates a fleet of 35 tractors and 50 trailers hauling lumber and metal.
The financial terms of the transaction were not disclosed.
“Clay’s brings great freight synergy to both our businesses and our customers,” said Scott Smith, CEO of PS Logistics. “It also continues to expand our driver base in the Southeast and adds our first trucking terminal in Mississippi to our growing national network.”
Clay’s will remain intact with co-owner James Waldrop at the helm. The entity will operate as a separate division of P&S.
“P&S will be a great partner for our business,” said Waldrop. “Both our companies are passionate about our riders and their success, and we share a positive culture that creates an ideal environment for everyone to thrive and thrive.”
Based in Birmingham, Alabama, PS Logistics has been building family-run flatbed truck and logistics businesses since 2016. This was the fifth acquisition for the company in 2022 and 26th overall. The company offers both asset-based transportation and non-asset offerings such as brokerage, third-party logistics and managed transportation.
More FreightWaves articles by Todd Maiden
How will Nicole impact the freight markets?