SMG Industries acquires Barnhart Transportation
14 July 2023
SMG Industries, a transportation services company focused on the domestic infrastructure logistics market, has acquired the Barnhart Transportation group of companies, a 20 year-old logistics service provider based in Pennsylvania.
The total acquisition consists of Barnhart Transportation, Barnhart Fleet Maintenance, Lake Shore Logistics, Lake Shore Global Solutions, Legend Equipment Leasing and Route 20 Tank Wash which specializes in a wide range of transportation services, including full truck load, dry bulk, liquids, intermodal, LTL, heavy haul, drayage, transload and an “asset lite” brokerage business.
“The acquisition of Barnhart by SMGI creates an attractive and diversified platform,” said Matt Flemming, chairman, SMGI. “We anticipate that the combined entity will establish itself as a larger, scalable, and more diversified transportation business, emerging as a regional leader in Texas, the Southwest and the Eastern Seaboard. Furthermore, the combination will enhance customer relationships, reduce cyclicality and decrease customer concentration. With more than 500 non-overlapping customers, the cross-selling opportunities from a broader range of assets, capabilities, and services offers exciting opportunities for the growth of the combined company. We are thrilled to welcome Barnhart’s talented employees to the SMGI team and believe this transaction positions us well to deliver enhanced growth and significant value creation for employees, customers and shareholders.”
Tim and Bryan Barnhart, the leaders behind Barnhart Transportation, bring a wealth of experience, expertise and leadership to SMGI.
“Anticipating market trends and making strategic investments have been key to staying ahead in the dynamic global logistics market,” explained Tim Barnhart, the company’s new chief financial officer and Board member.
“The acquisition of Barnhart Transportation by SMG Industries is a significant milestone for both companies,” stated Bryan Barnhart. “Together, management will leverage the transformative partnership to create a larger, more diversified transportation business, solidifying its position as a global leader.”