Family-owned logistic firms unite for scale and efficiency
Burris Logistics, a national logistics company, will acquire Seaford-based Trinity Logistics in April. Both companies are long-standing family-owned businesses.
“As a $3 billion-dollar organization with 1,700 Team Members, 16 locations throughout the United States and multiple Business Units in the transportation and supply chain industry, Burris Logistics was poised to be the partner that would create more opportunities for the well-established Trinity Logistics,” Donnie Burris, president/CEO of Burris Logistics. “The strong Trinity brand will remain in place, and their successful team will continue to focus on providing high-quality logistics, with the additional resources of our transportation assets and supply chain solutions.”
Trinity Logistics is a leading Third Party Logistics (3PL) Provider, specializing in freight arrangement and supply chain solutions with annual revenues of $550 million. The Banning family started the company in 1979.
Over the last four decades, Trinity has grown to over 275 team members, five regional service centers and 100 agent offices throughout North America. Its network of 40,000 carriers arranges over 350,000 shipments each year.
“The path to today’s announcement began with a conversation between two CEOs and good friends,” said Jeff Banning, president/CEO of Trinity Logistics. “We talked about mutual goals, strengths, challenges, and our desire to be good stewards of family-focused, family-run companies. As we discussed our future and common visions, it became clear that we could become a stronger, more competitive organization by joining forces.”
The acquisition increases buying power, scale and investment in supply chain technology for the firms.
“Both providers have dedicated technology teams which will allow us to grow technology platforms to attract new customers, carriers and agents,” said Nick Falk, president of Burris Freight.