Ace Doran has announced a significant expansion in its fleet capabilities, acquiring the equipment division of Tipton, Indiana-based carrier NHH Services. The acquisition brings added capacity and increased presence in the Midwest region, further solidifying Ace Doran's position as a major player in the flatbed truckload carrier market. With this deal, Ace Doran is poised to capitalize on growing demand for heavy-haul transportation services nationwide.
NHH Services operates a fleet of 50 trucks providing specialized transportation throughout the U.S. and Canada, with agents and owner operators specializing in flatbed, heavy-haul, and over-dimensional freight. The carrier's strong customer relationships and expertise in these areas will undoubtedly be beneficial to Ace Doran as it continues to expand its services. By acquiring NHH Services' equipment division, Ace Doran is able to tap into this existing network of customers and drivers.
Financial terms of the transaction were not disclosed, leaving little room for speculation about the impact on Ace Doran's bottom line. However, industry analysts note that the acquisition will likely result in increased revenue and profitability for the company, as it gains access to new markets and customer bases. With a stronger presence in the Midwest, Ace Doran is well-positioned to compete with other major carriers in the region.
Jim Collins, President of Ace Doran, highlighted the benefits of the acquisition in a news release, stating that NHH Services' strong customer relationships and heavy haul expertise further expand Ace Doran's footprint in the heavy haul market. This expansion will undoubtedly strengthen Ace Doran's ability to support complex transportation needs nationwide.
Ace Doran is already established as a major player in the flatbed truckload carrier market, with 146 power units listed on Federal Motor Carrier Safety Administration data. The company focuses primarily on flatbed and dry van freight, but this acquisition marks an expansion into heavy-haul services. With NHH Services' expertise in this area, Ace Doran is now better equipped to meet the needs of its customers.
The employees and drivers of NHH Services will join Ace Doran as part of a new division, marking a significant integration effort for the company. This move will undoubtedly bring increased efficiency and productivity to Ace Doran's operations, as it leverages the existing expertise and customer relationships of NHH Services.
Ace Doran retooled its RoadMasters unit last year, which serves the Southwest region. The acquisition of NHH Services' equipment division is seen as a strategic move by Ace Doran to expand its presence in this market. With NHH Services' fleet and drivers on board, Ace Doran is now better positioned to compete with other major carriers in the Southwest.
The acquisition marks an important milestone in Ace Doran's growth strategy, as it continues to seek out opportunities to expand its services and increase its market share. By acquiring a proven carrier like NHH Services, Ace Doran is able to tap into existing networks and customer bases, while also gaining access to new markets and revenue streams.
As the transportation industry continues to evolve, carriers like Ace Doran are well-positioned to capitalize on growing demand for specialized services like heavy-haul transportation. With its acquisition of NHH Services' equipment division, Ace Doran is poised to take advantage of this trend and continue to grow as a major player in the market.
