Penske Logistics Acquires Black Horse Carriers, Inc.
November 30, 2020
Penske Logistics has agreed to acquire Chicago-based trucking company Black Horse Carriers, Inc.; financial terms were not disclosed. The acquisition, expected to close December 31, 2020, will expand Penske’s dedicated contract carriage capabilities and integrate Black Horse’s fleet and operations (Black Horse operates ~2,000 vehicles and employs more than 4,000 people).
- Buyers
- Penske Logistics
- Targets
- Black Horse Carriers, Inc.
- Industry
- Trucking & Fleet
- Location
- Illinois, United States
- Transaction Type
- Buyout
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