Indianapolis-based logistics company Backhaul Direct has acquired a central Indiana trucking company, which the third-party logistics company says will allow it to streamline the local and regional supply chain. Financial details of the purchase of Bakers Express and DNK Express were not disclosed.
Most logistics companies don’t have their own fleet of trucks, but this purchase will give Backhaul Direct access to over 250 pieces of equipment.
“By investing more in our asset division, we continue to meet the ever-changing demands of our customers facing capacity constraints. The combination of Backhaul Direct’s contract business with Bakers Express and DNK’s dedicated business model and customer service-focused operations makes this acquisition a key part of our overall growth strategy,” said Greg Harris, President and CEO. the management of Backhaul Direct.
Earlier this year, Backhaul Direct moved its headquarters to the northeast corner of Indianapolis from downtown. The company said it would add staff as part of the move. The 3PL company says that with the newly acquired assets, it will be able to increase capacity and shipping capabilities.
“This is the first of many acquisitions we plan to make over the next five years in the supply chain solutions space,” said Jared Palmer, Chief Strategy Officer of Backhaul Direct.