Trimac Dry Bulk Group acquires StarTrans, Inc.
Carriage Hill advised Trimac Dry Bulk Group Inc on its purchase of the business and certain assets of StarTrans Inc.
A South Carolina-based motor carrier, StarTrans is engaged in the transportation of dry bulk products, including cement and lime products, and operates in a 20-state area east of the Mississippi River through a network of nine terminals in eight states. As a part of the purchase, Trimac acquired 280 tractors and 400 trailers, most of which are pneumatic bulk trailers.
Jeff McCaig, chairman and chief executive officer of Trimac, in announcing this transaction said, “StarTrans strategically fits our long-term objectives in our continued focus of product line diversification, which includes growing our dry bulk segment east of the Mississippi.”
Affiliates of Trimac operate in all 48 US states, all provinces in Canada, and internationally into Mexico, with annual revenues of approximately $600 million.
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