Heniff acquires Coal City Cob
Heniff Transportation Systems of Oakbrook Terrance, Ill., has acquired the corporate holding company of tank-truck operator Coal City Cob Co. Coal City Cob (CCC) employs 230 drivers and operates 500 trailers within its nationwide network of terminals, including a rail-to-truck bulk transfer yard and tank-wash facility at its headquarters in Waxahachie, Texas.
“We’re very pleased to welcome Coal City Cob into the Heniff family of companies,” said Bob Heniff, chief executive of Heniff Transportation Systems. “I’ve been friends and a competitor with the Cloonen family for many, many years and this combination now allows us to work together as partners. Given the complementary nature of the two operations, we believe strongly that this combination will create value for all our stakeholders and offer real service enhancements to our respective customers.”
Alan Goldstein, president of CCC, said: “I will be forever grateful to Mike Cloonen and Cotton Creek Capital for entrusting our team to carry forward 50 years of its history. As we enter this new relationship, I could not be more convinced that both companies are committed to preserving the same shared values, which start and end with taking care of people. I believe our existing drivers will discover meaningful economic opportunities by gaining access to Heniff’s expansive footprint and uniquely diversified service offerings.”
About Heniff
Heniff operates about 2,000 tractors and 5,000 trailers through its network of about 100 centers, company officials said. The company specializes in chemical transport, food-grade transport, rail transloading, ISO depot operations, equipment maintenance, tank cleaning services, and logistics.
“Our mission is to efficiently transport our customers’ chemical and food-grade products safely, securely and on time, every time,’’ the company said in a press release. Further information may be obtained by contacting Dan Furth, executive vice president, at dfurth@heniff.com or(703)309-8883.
About Coal City Cob
Coal City Cob, founded in 1970, provides liquid-bulk transportation services to the chemical and hazardous waste industries through its nationwide network of nine terminals, including a centrally located 27-acre facility in Waxahachie that integrates rail-to-truck transfer, fleet maintenance and tank wash capabilities.