Daseke Closes Acquisition of Aveda Transportation and Energy Services
ADDISON, TX – Daseke Inc. has completed the acquisition of Aveda Transportation and Energy Services, one of the largest and fastest-growing oil rig moving companies in North America.
Aveda is one of the largest providers of specialized transportation services and equipment required for the exploration, development and production of petroleum resources in the United States and Canada. Its services focus on the specialized hauling of large oil rigs and worksite equipment.
"Daseke's two core principles are investing in great people and building an organization of scale," said Don Daseke, chairman and CEO. "Aveda strongly builds upon these core principles and is an exceptional fit for our platform. Beyond the strategic rationale, this transaction also presents numerous synergies not contemplated in the purchase price. Aveda outsources up to 35 percent of its long-distance rig movers to other carriers, and we have the equipment to capture some of this revenue through our various operating companies. In addition to cross-selling, we have also identified other benefits of scale in the way of purchasing, fuel and insurance."
Aveda President and CEO Ronnie Witherspoon stated: "Joining the Daseke team makes our company stronger than ever. The benefits of scale will help us better serve our customers and is already empowering our employee base. Like Daseke, we believe in a people-first culture. A high-quality, passionate employee base is key to the execution of our business plan. We have that culture and so does Daseke, making this combination a perfect match and an exciting new chapter for our company."
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PeopleAveda is one of the largest providers of specialized transportation services and equipment required for the exploration, development and production of petroleum resources in the United States and Canada. Its services focus on the specialized hauling of large oil rigs and worksite equipment.
"Daseke's two core principles are investing in great people and building an organization of scale," said Don Daseke, chairman and CEO. "Aveda strongly builds upon these core principles and is an exceptional fit for our platform. Beyond the strategic rationale, this transaction also presents numerous synergies not contemplated in the purchase price. Aveda outsources up to 35 percent of its long-distance rig movers to other carriers, and we have the equipment to capture some of this revenue through our various operating companies. In addition to cross-selling, we have also identified other benefits of scale in the way of purchasing, fuel and insurance."
Aveda President and CEO Ronnie Witherspoon stated: "Joining the Daseke team makes our company stronger than ever. The benefits of scale will help us better serve our customers and is already empowering our employee base. Like Daseke, we believe in a people-first culture. A high-quality, passionate employee base is key to the execution of our business plan. We have that culture and so does Daseke, making this combination a perfect match and an exciting new chapter for our company."
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