In The News
Expedited carrier Tri-State acquired by its management team
Tri-State's acquisition leaves ‘company revived by new energy, processes, people’
Tri-State Expedited Service announced it has been acquired by members of its senior management team. The Toledo, Ohio-based transportation and logistics provider was purchased out of the trust of its founders.
CFO Corey Crane, COO Korey Walper, IT Director Chad Nicholls and General Manager Mike Lawrence acquired the more than 40-year-old carrier for an undisclosed sum. The sale had been in the works for almost a year and per the wishes of the founders, it will remain in the same location and operate under the same name.
“We are so looking forward to the opportunity to continue on with the legacy of Tri-State, and build it back to its former place as a true leader of the expedite industry,” said Lawrence...