Burris Logistics acquires Trinity Logistics
Burris Logistics, provider of end-to-end supply chain solutions, recently announced it has acquired Trinity Logistics.
“We are pleased to welcome the team members, agents, customers and carriers of Trinity Logistics to the Burris family,” said Donnie Burris, president and CEO of Burris Logistics. “As a $3 billion 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. 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, with headquarters in Seaford, is a leading third-party logistics provider, specializing in freight arrangement and supply chain solutions, with annual revenues of $550 million. Established in 1979 by the Banning family, Trinity Logistics has more than 275 team members in five regional service center locations, 100 agent offices throughout North America and a network of more than 40,000 carriers arranging over 350,000 shipments each year. Known for a people-centric approach to logistics services, Trinity is celebrating 40 years of building relationships by offering creative logistics solutions.
“The path to today’s announcement began with a conversation between two CEOs and good friends,” said Jeff Banning, CEO of Trinity Logistics, referencing early dialogs he had with Donnie Burris. “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 of Trinity Logistics will be completed sometime in April through a process that will be seamless for team members, customers, carriers and the large network of agents for both organizations. “All aspects of the Trinity community will find that familiar team members and procedures will remain in place,” said Billy Banning, president of Trinity Logistics. “Burris is an asset-based 3PL, offering everyone greater credibility and flexibility in closing new prospects. We are excited to have found the right partner in Burris. While our corporate offices are only 23 miles apart, there is no distance between our core values, servant leadership and guiding principles.”
In the weeks ahead, both organizations will benefit from increased buying power, scale and advancements in supply chain technology. “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. “It is our intent that the Burris Freight Management brand will be replaced with Trinity Logistics as the transportation business unit of Burris. When you consider the resulting combination of experienced teams, technology, networks and the ability to offer end-to-end supply chain solutions, without a doubt Trinity Logistics and Burris Logistics will be stronger together.”
The companies expect the transaction to close sometime in April, subject to customary closing conditions and regulatory approvals. For more information, go to www.trinitylogistics.com and www.burrislogistics.com.
