ITS BUYS DCT

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International Truckload Services (ITS) is growing again, having acquired David Cordingley Transport (DCT). Two years ago, at around this time, ITS bought CSI Logistics. I deconstructed that deal in this piece, Anatomy of an Acquisition. CSI represented the first acquisition of ITS’s history. I asked ITS president and COO Rob Haggarty if he learned anything through that process that he was able to apply to the latest deal.

“Take your time and do a full due diligence. We have a team of experienced staff here now from the CSI acquisition that we are plugging into DCT,” he told me. DCT operates 26 tractors and 60 trailers, including a fleet of 10 curtainside flatdecks. This will complement the roll-tite division ITS has run since 2006. Rob told me ITS could be making further acquisitions either late this year or in early 2015. As always, you’ll read about M&A activity first on Trucknews.com.

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