Rushville-based Fraley and Schilling says it has acquired KBT Enterprises Inc., a dry bulk trucking company in Fishers. The company says the acquisition will support the growth of home daily trucking opportunities in the Fraley and Schilling operating area.
KBT will operate as a subsidiary of Fraley and Schilling Holdings.
“KBT’s culture, reputation, and market aligns with Fraley and Schilling’s mission to be the First Choice Among Premier Drivers and Transportation Professionals,” said F&S President Chris Seals. “At F&S, our priority is to intentionally grow our company in a way that puts our people first. With this new acquisition, we will leverage our fleet advantages to build and grow the existing team at KBT. We are excited to expand our existing presence in the pneumatic tank market and bring our hallmark Lightweight Advantage to a new part of the industry.”
The acquisition was completed on December 31. Financial terms of the deal were not disclosed.