Announced
Completed
Financials
Tags
United States
Private Equity
Friendly
Majority
Acquisition
Domestic
liquid bulk transportation
Transportation Services
Single Bidder
Private
Completed
Synopsis
Heniff Transportation Systems, a provider of bulk liquid chemical and food transportation services, completed the acquisition of Coal City Cob, a provider of specialized liquid bulk freight services to major chemical manufacturers and distributors, from Cotton Creek Capital Partners, a private equity firm. Financial terms were not disclosed. “I am 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'm excited for our organization to join the Heniff team and improve our abilities to provide our customers with creative solutions and excellent service. Of equal importance, I believe our existing drivers will discover meaningful economic opportunities by gaining access to Heniff's expansive footprint and uniquely diversified service offerings,” Alan Goldstein, Coal City Cob President.
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