Refrigerated trucking services
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Nagle Cos. expands refrigerated trucking fleet with acquisition
Yahoo Finance· 2025-09-12 10:40
Group 1 - The acquisition of Kandel Transport by Nagle Cos. aims to enhance resources, technology, and network opportunities for customers [3][4] - The deal provides Nagle Cos. with expanded refrigerated hauling capacity and access to Kandel's cross-border operations into Canada, including markets like Montréal and Toronto [4][8] - The combined operation will consist of 115 tractors, 200 trailers, and is expected to generate annual revenue of approximately $45 million [8] Group 2 - The acquisition is expected to increase Nagle's negotiation power in fuel, equipment, and parts purchasing due to the scale gained from the merger [5] - Larger specialized fleets, such as those formed by this acquisition, typically experience lower fuel costs per mile compared to smaller fleets [5][6] - Kandel Transport anticipates benefits from updated technology and operational expertise while maintaining its identity during the integration process [6][8]