Keen Transport Announces Acquisition By Platinum Equity
CARLISLE, PA…Platinum Equity announces the purchase of Keen Transport Company which includes the two operating companies Keen Transport, Inc. and Cressler Trucking, Inc. Platinum Equity is a global firm specializing in the merger, acquisition, and operation of companies that provide services and solutions to customers in a broad range of business markets.
"Partnering with Platinum Equity is very exciting for our organization, our customers, partners, and for all of our employees," said Bill Keen, CEO. "Platinum understands our business and supports the integrity upon which this company has been built.”
Bill Keen will remain with the company as CEO. Keen has been a family-owned company for 43 years. All current employees are staying on and we do not anticipate day to day operational changes.
Bill Keen, Jesse Keen and Elizabeth Keen are retaining ownership of 9 facilities and will be leasing them back to Platinum. The two new facilities opened in 2011, Winston Salem, North Carolina and Little Rock, Arkansas, will be owned by Platinum Equity.
Platinum Equity was founded in 1995 by Tom Gores and serves business markets that include information technology, telecommunications, logistics, metals services, manufacturing and distribution.
The Keen management team will keep you informed as transitional activities commence. Thank you for all of your support and dedication, we are confident that the future for Keen and Cressler is bright.