Schneider National Inc. announced the impending sale of its Specialized Division to Maverick USA, Inc., a leading flatbed transportation and logistics provider. Schneider Specialized is currently the largest specialized glass carrier in North America, and also offers other specialized services. This transaction enables Maverick USA to expand its services to include national specialized glass transportation capabilities, and allows Schneider to focus on its strategy of developing global transportation and logistics solutions for multinational Fortune 1000 organizations. The acquisition is expected to close by July 31, 2006.
“Schneider Specialized Carriers has established itself as an industry leader and has continually improved over the years to create ongoing value for our customers,” said Chris Lofgren, president and CEO, Schneider National, Inc. “As we searched for a partner in this transaction, we wanted to find a company of Maverick’s caliber that would provide the associates of Schneider Specialized with a tremendous career opportunity.”
Maverick USA, through its subsidiary companies, will acquire the assets of Schneider’s Specialized Division. These assets include 380 tractors, 870 trailers, over 425 drivers and independent contractors, 80 office and maintenance associates, other load-related equipment and dedicated operations, and several facilities in the United States, including key operations in Laurinburg, N.C. and Knoxville, Tenn.
Based in Little Rock, Maverick USA was founded in 1980 by Chairman and CEO Steve Williams. The Maverick USA companies are focused on flatbed transportation and logistics services, and collectively operate 1,170 units in 48 states. In addition to its corporate headquarters in Little Rock, Arkansas, Maverick USA companies operate terminals in Gary, Indiana; Madison, Illinois; Jarrat, Virginia; Scottsboro, Alabama; Mangum, Oklahoma and Fort Smith, Arkansas, which also comprises warehouse facilities.
“Maverick USA will significantly expand its specialized service offering to include glass hauling capabilities with the acquisition of the Specialized Division of Schneider National,” said Williams. “Schneider is the leader in the specialized glass transportation industry, and the addition of their knowledge, expertise and overall capabilities will be a strong complement to our existing flatbed transportation services. Maverick Specialized plans to retain all Schneider Specialized drivers, shop and office associates and looks forward to a successful future as they join our team.”
Maverick Specialized will continue to operate from the current Specialized Division location in Green Bay, Wisconsin. Craig Brown of Schneider Specialized, a 16-year industry veteran, will serve as General Manager of Maverick Specialized and oversee the transition of ownership to ensure that customers continue to receive the high level of service that they are accustomed to.
“As Schneider continues to execute its strategy of building comprehensive, global transportation and logistics solutions, it is important for us to continually refocus our financial and human resources on key businesses,” added Lofgren. “As a well-respected leader in flatbed transportation, Maverick USA is best positioned to provide the level of focus and investments needed to take the Specialized Division to the next level of performance.”