ENID, Okla. (Dec. 15, 2021) — Groendyke Transport, Inc. and Georgia Tank Lines (GTL) have signed a purchase agreement for Groendyke to acquire all the tank truck assets of GTL. The companies anticipate a closing date of Jan. 1, 2022.
The acquisition will increase Groendyke’s driver count by 39 to about 900, while opening Groendyke to the new market of the greater Atlanta area.
“We are excited to bring this group of safe, professional drivers to Groendyke Transport,” said Greg Hodgen, Groendyke president and CEO. “This acquisition expands our business into a new area, which fits well with one of our core values – growth. Throughout its 25-year history, owner Deborah Latham and the leadership team of Georgia Tank Lines have prided themselves on safety and determined customer and employee service, all of which make the acquisition of Georgia Tank Lines a great fit with Groendyke Transport and our long-term goals.”
Both companies are tank truck carriers. GTL specializes in hauling mainly petroleum products, while Groendyke hauls a wide array of petroleum products, chemicals and other bulk hazardous materials.
Groendyke has 40 terminals in 15 states, reaching as far west as Arizona all the way to the East Coast and serving 49 states, Canada and Mexico. This transaction will add 3 locations to the Groendyke footprint.
“Our goal is to remain a leader in safety, service and employee satisfaction in the tank truck industry,” Hodgen said. “Expansion helps us fulfill that vision and better serve existing and new customers.”
Groendyke is the only eight-time winner (most recently in 2019, for safety efforts in 2018) of National Tank Truck Carriers North American Safety Champion Award, given each year to the carrier with the best overall safety record and program.
About Groendyke Transport, Inc.:
Groendyke Transport, Inc., established in 1932, provides superior, dependable transportation services and bulk logistics solutions that consistently deliver value to leading companies that place a premium on safety and performance. Groendyke Transport is a privately held, 3rd generation, family-owned company and the only eight-time NTTC North American Safety Champion for best overall safety record and program in the country.