Integrated Freight agrees
to purchase Bruenger ops
Oct 19, 2010 10:45 AM
Integrated Freight Corporation (OTCBB: IFCR) has signed a definitive agreement to purchase Wichita KS-based Bruenger Trucking Company and its subsidiary, M Bruenger & Co Inc. The transaction is valued at about $11 million and is expected to add $21 million in revenue to the IFC platform. Closing is anticipated within 45 days, and is expected to bring the total annual revenue of IFC to more than $60 million.
Founded in 1936, M Bruenger & Co is one of Kansasí largest refrigerated and dry freight operators, with 2009 revenues of more than $21 million. Bruengerís coast-to-coast service is directed by the central dispatch in Wichita, directing a fleet of 160 tractors, 187 refrigerated units, 30 dry vans, and a large team of experienced drivers. From its humble beginnings, Bruengerís market has expanded to include aviation materials, canned goods, foodstuffs and numerous general commodities across the Unites States and into Canada.
IFC is a Sarasota FL-headquartered motor freight company providing long-haul, regional, and local service. Specializing in refrigerated freight, dry freight, and hazardous waste truckload services, it operates primarily in well-established traffic lanes in the upper Midwest, Texas, California, and the Atlantic Seaboard.
Visit www.integrated-freight.com to learn more.
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