Saia, one of the nation’s largest freight truck companies, just got bigger by purchasing Dallas-based LinkEx Inc. for $25 million.
LinkEx, which was founded in 2002, is a diversified, asset-light third-party logistics firm that has about 50 employees and generated revenues of approximately $36 million in 2014. The company provides customers with a variety of services, including supply chain design, domestic and international transportation, warehousing, as well as final mile services.
Saia president and CEO Rick O’Dell said the purchase was subject to meeting growth expectations.
“The acquisition of LinkEx is a nice fit for Saia in our effort to grow our portfolio of services in the asset-light market,” O’Dell said in a news release. “LinkEx brings longstanding customer relationships and a broad array of service offerings to the Saia platform.”
LinkEx’s employees are expected to be absorbed into Saia, according to O’Dell, who added that he initially met with LinkEx owners last summer and build a relationship with them throughout the fall and into the new year.
The purchase allows Saia to benefit from LinkEx’s broad array of service offerings, add scale, and increase its capacity to consider additional growth opportunities in the asset-light market.