Groendyke acquiring Georgia Tank Lines
Groendyke acquiring Georgia Tank Lines – The acquisition will increase Groendyke’s driver count by 39 to about 900, while opening Groendyke to the new market of the greater Atlanta, Ga., area.
Groendyke Transport Inc. of Enid, Okla., and Georgia Tank Lines (GTL) have signed a purchase agreement for Groendyke to acquire all the tank-truck assets of GTL.
The acquisition will increase Groendyke’s driver count by 39 to about 900, while opening Groendyke to the new market of the greater Atlanta, Ga., area.
“We are excited to bring this group of safe, professional drivers to Groendyke Transport,’’ said Greg Hodgen, Groendyke President
“We are excited to bring this group of safe, professional drivers to Groendyke Transport,’’ said Greg Hodgen, Groendyke president and chief executive. “This acquisition expands our business into a new area, which fits well with one of our core values – growth. Throughout its 25-year history, owner Deborah Latham and the leadership team of Georgia Tank Lines have prided themselves on safety and determined customer and employee service, all of which make the acquisition of Georgia Tank Lines a great fit with Groendyke Transport and our long-term goals.”
Both companies are tank-truck carriers. GTL specializes in hauling mainly petroleum products, while Groendyke hauls a wide array of petroleum products, chemicals and other bulk hazardous materials.
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Groendyke has 40 terminals in 15 states, reaching as far west as Arizona all the way to the East Coast and serving 49 states, Canada and Mexico. This transaction will add three locations to the Groendyke footprint.
“Our goal is to remain a leader in safety, service and employee satisfaction in the tank-truck industry,” Hodgen said. “Expansion helps us fulfill that vision and better serve existing and new customers.’’
Groendyke acquiring Georgia Tank Lines – Groendyke has 40 terminals in 15 states… This transaction will add three locations to the Groendyke footprint.
Groendyke is the only eight-time winner of National Tank Truck Carriers North American Safety Champion Award, given each year to the carrier with the best overall safety record and program.
Established in 1932, Groendyke Transport provides transportation services and bulk logistics solutions to leading companies that place a premium on safety and performance, according to the company. Groendyke Transport is a third generation, family owned company.
Further information may be obtained by contacting Matt Palmer at mpalmer@groendyke.com or 580-213-9282.
