Behnke Dedicated & Logistics Acquires AG Freight for Expansion in the Southeast
Behnke Dedicated & Logistics, a family-owned logistics provider based in Battle Creek, Michigan, has acquired AG Freight of Piedmont, South Carolina. The acquisition was facilitated by mergers and acquisitions firm Calder Capital, though financial terms were not disclosed. The move is part of Behnke's strategy to expand into the Southeastern U.S., providing access to manufacturing hubs like Greenville and Inland Port Greer. Ben Behnke, CEO, emphasized that AG Freight offers a solid foundation with 30 power units and experienced drivers, which aligns well with their existing operations. AG Freight was founded during the pandemic by Garrett Boulware, who has since decided to pursue other interests. The acquisition is seen as part of broader stabilization in transportation M&A activity, supported by improved spot rates that have increased capital for strategic deals.
Topics: acquisition logistics transportation