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One Equity Partners’ PS Logistics completes acquisition of Celadon Logistics Services

TA Services, the third-party logistics (3PL) and brokerage division of private equity firm One Equity Partners’ (OEP) portfolio company PS Logistics (PS Logistics), has completed the acquisition of Celadon Logistics Services (rom Celadon Group.

Headquartered in Indianapolis, Celadon Logistics is a leading 3PL provider of managed transportation, supply chain and warehousing services across North America. Celadon Logistics has over 500 employees who operate four offices and 11 warehouse facilities across seven states, supported by more than 15,000 carriers that ship FTL (full truckload) and LTL (less than truckload) deliveries. 

“The addition of Celadon Logistics’ dry-van brokerage expertise and complementary customer base makes TA Services a leading logistics business in North America,” says Greg Belinfanti, Senior Managing Director, OEP. “We’re excited to support TA Services President and CEO Scott Schell and his team with this strategic acquisition and will continue to support the entire PS Logistics organisation as it continues to evolve its “asset-right” model.”

The two companies will continue to operate independently until both are integrated over the next six months to ensure a smooth customer transition. Following the integration, the companies will operate under the TA Services brand.

“Our partnership with OEP has created a market-leading company that provides our customers with exceptional high-quality service and value, enabling us to fully manage bids, secure capacity, and handle warehouse needs,” says Schell. “The combined business will generate significant cross-selling opportunities and provide our long-term carriers and employees the opportunity to work for one of the industry’s leading 3PL providers.”

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