The addition of Transport Holdings will add to the legacy of the company, allowing us to continue in a manner that would make founder Cleo Evans proud.
Commerce, CA (PRWEB) July 08, 2015
Transport Holdings, LLC has agreed to the acquisition of Evans Dedicated Systems. Veteran senior managers from Evans Dedicated helped organize the details of the transaction that included an all cash stock exchange. Evans’ senior management, along with a group of financial investors, formed Transport Holdings. The newly minted company was created solely for the purpose of acquiring the fuel transporter and developing complementary businesses. Tom Forrest, the Managing Member of Transport Holdings, will become the CFO of Evans. The current COO of Evans, Bill Culbertson, will become President/CEO of Evans.
Given the seamless transition of services and their shared management team, the acquisition is expected to proceed smoothly. “Evans is a great company that has amazing employees," said Bill Culbertson, newly appointed CEO of Evans. "The addition of Transport Holdings will add to the legacy of the company, allowing us to continue in a manner that would make founder Cleo Evans proud,” said Culbertson.
Transport Holdings members Steve Meleen and Bob Forrest add “the hard work of the employees and management team will make this storied company great again. We are proud to be a part of that. ”
Transport Holdings, like Evans Dedicated Systems, will remain in its California base of operation. The company will continue to provide efficient and reliable services with their elite and modern fleet of vehicles. The Evans’ fleet of trucks and trailers will continue in the rich tradition started by Evans. They specialize in the transportation of petroleum products for major oil companies. The company currently serves over 250 fuel retailers in Southern California, Arizona, and Nevada.
For more information about Evans Dedicated Systems, please visit http://www.evansdedicated.co. To contact the company management teams for more information about their business and services, please call 323.725.3397.
Evans Dedicated Systems has been in operation since 1906. The company has a prestigious reputation as an innovator in petroleum transportation and industry safety. They are specialty service providers of gasoline, diesel, ethanol, transmix, additives and lube oil transport on the West Coast. With an elite fleet of vehicles and innovative equipment, they are known for performance at the highest level of productivity in the industry.
Transport Holdings is an investment holdings company founded by four friends and partners for acquiring Evans along with starting and growing complementary lines of business.