Penske Logistics to acquire Chicago trucking company

Reading-based Penske Logistics said it is acquiring trucking company, Black Horse Carriers Inc. of Chicago.

“The Penske organization has had a longstanding and valued relationship with Black Horse Carriers for many years,” said Marc Althen, president, Penske Logistics. “This acquisition will be complementary to our existing portfolio of customers and industries within our dedicated contract carriage business. We look forward to working with the Black Horse Carriers team on this acquisition and the integration of our operations.”

Black Horse Carriers, which was founded in 1925, is a privately held trucking company that provides services to the food and grocery, retail, bakery, dairy, manufacturing and automotive industries.

The company currently employs more than 4,000 people, operates a trucking fleet of more than 2,000 vehicles, and services customers from more than 90 terminals across the United States.

“We’re very excited about joining the Penske organization,” said Ken Landego, CEO of Black Horse Carriers Inc. “The synergies created by the combination of both companies will benefit our customers from a service-level standpoint and elevate our technology capabilities. We look forward to this new journey together.”

Closing of the deal is expected by Dec. 31 pending approvals.

Terms of the deal were not disclosed.