United Road Services has acquired the auto transport division of Waggoners Trucking, making the company the second-largest car hauler in the North America.
With the acquisition, United Road is nearly doubling its capacity. Financial details of the transaction we not disclosed.
United Road, which is headquartered in Romulus, Mich., completed the acquisition in partnership with its parent company, Charlesbank Capital Partners. Charlesbank acquired United Road in 2012.
Waggoners is based in Billings, Montana, and Irving, Texas. The company was founded in 1951 by Wayne Waggoner. The company's auto transport division was established in 1987.
Originally posted on Automotive Fleet