Winnipeg, Manitoba-based Bison Transport (CCJ Top 250, No. 50) announced Wednesday that, effective Oct. 31, Bison will acquire, through an affiliate, 100% of the issued and outstanding shares of Pottle’s Transportation. Financial details of the transaction were not disclosed.
Headquartered in Hermon, Maine, Pottle’s is a truckload carrier with more than 200 tractors and 750 trailers, along with a logistics offering. Pottle’s is a second-generation business, founded more than 60 years ago by Cliff Pottle and then owned by his son, Barry Pottle, until it was acquired by Bison.
The company's success has been driven by a long tenured and reputable customer base, low driver turnover, a focus on safety, a quality fleet and a strong company culture. These factors are similar to those that have allowed Bison to be successful, Bison said in a press release, leading Bison to see a strong strategic fit between the two companies.
"We are excited about the next step in our U.S. growth," said Bison President and CEO, Rob Penner. "The investment in Pottle’s punctuates our commitment to the region, the customers and the great people we have in our business. We look forward to connecting our most recent acquisition of Hartt Transportation Inc. with Pottle's as we continue to build Bison Transport USA.”
Barry Pottle said he's "thrilled for our Pottle's team to join forces with the Bison team for endless opportunity and success for years to come."
This is Bison's second acquisition in 2022, as the company acquired Bangor, Maine-based Hartt Transportation at the beginning of the year.
With the acquisition, NFI expands its port offerings and export drayage services in North and South Carolina, Virginia and Georgia.
