SOURCE: Evergreen Pacific Partners

Evergreen Pacific Partners

March 03, 2015 09:07 ET

Haney Truck Line Acquires Assets of Pacific Transportation and Post Transportation

Increases Haney's Fleet and Base of Drivers to Capitalize on Growing Demand Along I-5 Corridor and Within California

SEATTLE, WA--(Marketwired - Mar 3, 2015) -  Haney Truck Lines (Haney), a portfolio company of Evergreen Pacific Partners (Evergreen), Washington state's largest private equity fund, announced today it has acquired the assets of Post Transportation and Pacific Transportation (PacTrans), a regional provider of dry-haul freight in California, Oregon and Washington. This transaction will enable Haney to meet increasing demand for asset-heavy and asset-light services along the I-5 corridor and within California, while also improving the cost structure for PacTrans' owner-operators.

"By integrating the assets and the drivers from PacTrans into the Haney family, we are able to make an already strong company even stronger," said T. J. McGill, a co-founder and Managing Partner of Evergreen Pacific Partners. "The economic recovery in the United States has resulted in increased transport of goods up and down the West Coast, and Haney is now more well-positioned to meet this demand."

With over 500 employees, 400 tractors and 1,000 trailers, Haney is one of the largest truckload carriers in the greater Pacific Northwest and has a growing presence in California and Canada. Headquartered in Yakima, Wash., the company carries products including beverages, paper, glass, aluminum, food and other general merchandise throughout the eight Western US states. In addition to the fleet, the company maintains five terminals as well as various other parking yards, throughout the Northwest.

"Haney already offers its customers a wide range of truckload options backed by world-class service and a dedicated driver base," said Peter Carlander, President of Haney "We welcome the owner-operators from PacTrans and look forward to expanding our services up and down the West Coast."

Evergreen Pacific Partners, which manages two private equity funds totaling $700 million, invests in traditional buyouts, management led buyouts, and growth equity investments involving middle-market companies in the Western U.S. and Canada. Its investors include foundations, endowments, pension funds, and West Coast-based CEOs with experience in Evergreen's target industries.

About Evergreen Pacific Partners
Based in Seattle, Wash., Evergreen Pacific Partners currently manages two private equity funds totaling $700 million, with a focus on investing in traditional, middle-market companies in Western North America. Evergreen Pacific was co-founded by Timothy Bernardez, T. J. McGill, and Michael Nibarger. Evergreen Pacific's acquisitions and investments include Vantage Mobility International (Phoenix, Ariz.), Gene Juarez Salons & Spas (Seattle, Wash.), Good Source Solutions (Carlsbad, Calif.), Haney Truck Line (Yakima, Wash.), Puget Sound Truck Lines, Inc. (Seattle, Wash.), Nickel Plate Express, Inc. (Portland, Ore.), Nuprecon (Snoqualmie, Wash.), CST Environmental (Brea, Calif.), Marcor Environmental (Baltimore, MD), Radiant Imaging, Inc. (Redmond, Wash.), Zemax Development Corporation (Redmond, Wash.) Thermal Dynamics (Ontario, Calif.), PAC Stainless (Seattle, Wash.), Span Alaska (Auburn, Wash.) and Abracon (Irvine, Calif.).

About Haney Truck Line
With over 500 employees, 400 tractors and 1,000 trailers, Haney is one of the largest truckload carriers in the greater Pacific Northwest and has a growing presence in California and Canada. Headquartered in Yakima, Wash., the company carries products including beverages, paper, glass, aluminum, food and other general merchandise throughout the eight Western US states. Services offered include common and contract carriage, dedicated resources, and single source transportation programs utilizing 53-foot dry vans, 64-foot double vans, flatbeds, and refrigerated vans. The company has a modern fleet and one of the finest safety records in the trucking industry. In addition to the fleet, the company maintains five terminals as well as various other parking yards throughout the Northwest.

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