Two Indianapolis-based logistics companies are joining forces. Direct Connect Logistix and Hoosiers Logistics say they will combine their businesses to become a national leader in third-party transportation and logistics services. Financial terms of the deal are not being disclosed.
The news comes less than a month since DCL announced its acquisition of Performance Logistics, a cold food chain focused freight brokerage in Salt Lake City, Utah.
Hoosier Logistics, which launched in 2017, is a freight brokerage company with specialization in temperature-controlled transportation systems for the food, beverage, and related industries.
Together the company has operations in the Midwest, the Mountain West and Texas.
“The freight brokerage industry continues to evolve and thrive in a volatile market with tight capacity and resulting rate pressure. Our acquisition of Hoosier Logistics further supports our strategy to develop a top North American transportation management platform and expand our capabilities with a deliberate and strategic focus on the cold chain segment,” said DCL Chief Executive Officer Richard Piontek, who will lead the combined company.
Both Hoosier Logistics CEO Rob Likens and Chief Operating Officer Nick Likens will join the combined company to help lead an expansion plan for DCL’s brokerage operations.