Benchmark International has announced the successful transaction between MTS Transportation, Inc. and High Desert Management Group, LLC. This acquisition signifies a strategic expansion for High Desert Management Group, LLC, as the company aims to scale operations through acquisitions and service diversification.
MTS Transportation, a company with a notable history, was founded in Amarillo, Texas, in 1982 and incorporated in 1990. Starting with a single tractor and refrigerated trailer to service the 3PL needs of the Texas Panhandle market, MTS Transportation has grown over four decades to provide comprehensive 3PL services. These include full truckload transportation of refrigerated products, dry freight, flatbed, bulk carbon black, and bulk milk transportation nationwide.
Tim Merrill, CEO of MTS Transportation, expressed his gratitude saying, “Thank you for everything you have contributed to, the timely and knowledgeable direction and for always having the time to help where and when needed. It was so appreciated.”
High Desert Management Group, LLC, a newly formed holding company in Texas, is focused on expanding its footprint in the Texas market with its expertise in the trucking industry. The company intends to streamline its services related to dry freight and refrigerated products in the region.
Jeffrey Garza, Deal Associate at Benchmark International, shared his enthusiasm, “It was exciting to get to the finish line with our client and even more exciting to help our client continue onto their next chapter in life, which we hope is filled with even more quality time with their friends and family. The Benchmark team has enjoyed working with MTS Transportation and High Desert Management Group, LLC through this process, and we wish both parties the best of luck in their future endeavors.”
This transaction is significant for multiple reasons. For High Desert Management Group, LLC, it represents a critical step in achieving their long-term strategic goals. By acquiring MTS Transportation, they not only broaden their service offerings but also enhance their operational capabilities in a competitive market. For MTS Transportation, this acquisition provides an opportunity for the company to continue its legacy under new leadership while benefiting from the expanded resources and expertise of High Desert Management Group, LLC.
Overall, the successful facilitation of this deal by Benchmark International underscores the importance of strategic acquisitions in the transportation industry. Such transactions enable companies to achieve scale, enhance service offerings, and ultimately, better serve their markets. With the transportation sector playing a crucial role in the economy, this acquisition could have far-reaching implications, potentially leading to improved efficiencies and service levels for clients and partners involved.
