Ace, Dynasty, Texas Hot Shot and Venture to combine
  by: OilOnline
  Thursday, April 24, 2008

Ace Transportation, Dynasty Transportation, Texas Hot Shot, and Venture Transport Logistics have agreed to combine and become the leading provider of land transportation services to the U.S. energy industry.  Ace, Dynasty, Texas Hot Shot and Venture will continue to operate separately in the marketplace having established their leadership in the freight market through safety and customer service. These divisions will operate under the umbrella of a Welsh Carson Holding Company (“Company”) and will be headquartered in Lafayette, Louisiana, with a significant presence in Houston, Texas. The Company will maintain a rapidly growing base of over 230 truck terminals and 4,000 owner-operators located throughout the Gulf Coast and other energy producing regions of the U.S. This leading network of ground transportation capacity will be primarily devoted to customers participating in the oil and gas industry as well as other industrial markets.

Chief Executive Officer Ronnie Murphy noted, “This transaction represents a combination of the leading providers of ground transportation services to the domestic energy industry. We expect this combination to produce a number of benefits for customers, employees, terminal managers, agents and drivers, including enhanced information and communication systems, increased utilization and density, expanded geographic reach, and stronger sourcing capabilities and purchasing power.”

On the operational benefits of the combination, Ronnie Murphy added, “In a time of rising fuel and insurance costs and increasing customer requirements, we look forward to leveraging the organization’s combined strengths and resources for the benefit of all of the Company’s constituents.

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