Fisher Vista

Apple Rush Company, Inc. Acquires Stotland Trucking to Boost Revenue by $10 Million in 2025

August 2nd, 2024 1:30 PM
By: FisherVista

Apple Rush Company, Inc. has announced the acquisition of Texas-based Stotland Trucking, LLC, a move expected to significantly boost the company's revenues by over $10 million in 2025. The acquisition aligns with Apple Rush's strategy to become a fully vertically integrated holding company.

Apple Rush Company, Inc. Acquires Stotland Trucking to Boost Revenue by $10 Million in 2025

Apple Rush Company, Inc. has announced the acquisition of Stotland Trucking, LLC, a Texas-based last-mile hauler, in a move expected to increase the company's top-line revenues by over $10 million in 2025. Stotland Trucking specializes in short-haul logistics and is currently generating revenues exceeding $7 million annually. This acquisition is a crucial step in Apple Rush's strategy to become a fully vertically integrated holding company.

Apple Rush CEO Tony Torgerud expressed his enthusiasm about the acquisition, highlighting its alignment with the company's long-term goals. According to Torgerud, "We have been implementing our roll-up strategy over the last year and have seen good success in our top-line revenues. Our brewing, co-packing, and extraction businesses are setup to do over $10 million in revenue in 2025, and with this acquisition, we will push north of $20 million dollars." Torgerud also emphasized the significant cost savings that the acquisition will bring, noting that freight is the largest expense in the beverage industry. "Being able to utilize our own delivery system will save us and our customers money," he added.

Derik Stotland, President of Stotland Trucking, also commented on the acquisition, stating, "We have been executing on our business plan and were looking for a partner to grow with. We decided based on the options available to us that Tony and the Apple Rush Company would give us both upside on being a partner and an additional hub to grow our system from." Stotland further elaborated on future growth plans, which include expanding operations to Illinois, acquiring additional contracts for hauling, and building out a regional system to create higher efficiencies in deliveries.

This acquisition is expected to have a significant impact not only on Apple Rush's revenue but also on its operational efficiency. By integrating Stotland Trucking's logistics capabilities, Apple Rush aims to enhance its distribution network, thereby improving the delivery of its products, which include multiple lines of functional beverages and craft beers. The synergy between the two companies will likely result in higher profit margins, with projections of up to 200% on Apple Rush's websites and 50% in co-packing services.

Moreover, the acquisition aligns with Apple Rush's broader strategy of diversification and vertical integration. With an established presence in the natural beverage industry under the trademarked Apple Rush brand, the company is now looking to expand its footprint in the logistics sector, thereby reducing dependency on third-party services and enhancing control over its supply chain.

For more information about Apple Rush Company, Inc. and its product portfolio, visit their official websites: www.aprubrands.com, www.element-brands.com, and www.alkhemicalroots.com.

Source Statement

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