September 30, 2024

Groendyke Completes Linden Bulk Acquisition

ENID, Okla. (Sept. 30, 2024) — Groendyke Transport, Inc. has officially closed on the acquisition of the tank truck assets of Linden Bulk Transportation (LBT) from Depot Connect International, a leading provider in the tank container services industry.

The acquisition expands Groendyke’s footprint to Ohio, Pennsylvania, and New Jersey, and solidifies its strong presence in the Gulf. Groendyke now has terminals in 18 states, including its first presence in the Northeast since 2015.

“It’s exciting to have such an outstanding group of people joining our strong team of tank truck professionals,” said Groendyke CEO Greg Hodgen. “Thanks to the hard work of everyone at Groendyke and Linden, we are poised to immediately begin servicing all of Linden’s former customers with the same excellent safety and service Groendyke has provided for 92 years.”

Founded in 1982, LBT has seven locations in six states. Both companies are tank truck carriers that specialize in hauling petroleum products, chemicals, and other bulk hazardous materials.

Groendyke adds LBT a few months after winning its record ninth National Tank Truck Carriers North American Safety Champion Award, given each year to the carrier with the best overall safety record and program.

Advisors
  • Bengur Bryan & Co., Inc. served as the exclusive financial advisor to Groendyke.
  • Scudder Law Firm served as legal advisor to Groendyke.
  • Depot Connect International was advised by Simpson Thacher & Bartlett LLP as legal counsel and Stifel as financial advisor.
About Groendyke Transport, Inc.:

Groendyke Transport, Inc. provides safe, superior transport solutions that deliver excellence to leading companies that place a premium on safety and performance. Groendyke Transport is a privately held, family-owned company and a nine-time NTTC North American Safety Champion for the best overall safety record and program in North America. Groendyke currently has more than 40 locations in 18 states and services 49 states, Canada and Mexico.

Groendyke Transport Contact