Bison Transport Inc. Acquires Hartt Transportation Systems, Inc.

Mar 1, 2022 - 3 years ago

James Richardson & Sons, Limited (JRSL) and Bison Transport (Bison) are pleased to announce that, effective December 31, 2021, Bison Transport acquired 100 percent of the issued and outstanding shares of Hartt Transportation Systems, Inc.

Headquartered in Bangor, Maine, Hartt is one of the largest truckload carriers based in the Northeastern US with 360+ tractors and 2100+ trailers and a sizeable logistics offering. Hartt is a 2nd generation business, founded in 1948 by Delmont E. Hartt and then owned by his son, Billy Hartt, until it was acquired by Bison. Hartt’s success over the last 70+ years has been driven by a long tenured and reputable customer base, low driver turnover, a focus on safety, a quality fleet and a strong company culture. These factors are similar to those that have allowed Bison to be successful, leading us to see a strong strategic fit between our companies.

“It is a year to the day that we announced that Bison Transport was joining the JRSL family of companies. We are pleased to see Bison continue to grow its existing businesses and by making this significant US acquisition of a company that shares the same values as both Bison and JRSL,” reflected JRSL’s, Executive Chair, President & CEO, Hartley T. Richardson.

Bison’s President & CEO, Rob Penner, commented at the closing of the transaction,“These are truly exciting times for all involved. I have had the privilege of meeting and spending time with the Hartt leadership team, and collectively we feel strongly about the cultural fit. There is a great energy in this business and the people have a strong desire to continue to grow and prosper in a responsible way. We believe this acquisition to be foundational in strengthening our cross-border offerings and establishing Bison Transport USA as a Tier 1 US Domestic fleet, well positioned to serve the growing needs of our customers.”

Billy Hartt, past President & CEO, of Hartt Transportation Systems, Inc. stated that, “I am excited for my employees to become part of the Bison family, as we share similar core values and cultures. I am certain that, with the merger of Hartt’s and Bison’s teams, they will produce amazing results and become an even stronger carrier for the future.”

Marc Wolding, President of Bison Transport USA noted that, “We want to extend a warm welcome to all Hartt employees. The entire Hartt Transportation team should be extremely proud of the business which has grown to become a premier carrier in the eastern US. There is a very bright future in front of us, and I am looking forward to seeing us grow together.”

Financial details of the transaction will not be made public.

Source: AMTA