Trucking & Fleet Acquisitions in Indiana
Showing 2 transactions.
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- Buyer
- Horizon Transport employees (via Employee Stock Ownership Plan / ESOP)
- Target
- Horizon Transport, Wave Express
- Seller
- Marion Schrock
- Industry
- Trucking & Fleet
- Location
- Indiana, United States
- Type
- Recapitalization
Horizon Transport and its affiliate Wave Express implemented an Employee Stock Ownership Plan (ESOP) effective December 31, 2022, transferring ownership from founder Marion Schrock to the companies' employees. The move makes Horizon and Wave Express 100% employee-owned (covering about 95 employees jointly) and was pursued by Schrock as a founder succession/exit alternative to a sale to private equity or competitors.
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August 28, 2020
- Buyer
- Patrick Industries, Inc.
- Target
- Synergy RV Transport
- Industry
- Trucking & Fleet
- Location
- Indiana, United States
- Type
- Buyout
Patrick Industries completed the acquisition of Goshen, Indiana-based Synergy RV Transport, a transportation and logistics provider serving RV OEMs and dealers. Synergy reported approximately $46 million of 2019 revenue and will operate as a stand-alone brand within Patrick to expand its RV transport platform and network.
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