PS Logistics Completes Diamond State Trucking Acquisition

BIRMINGHAM, AL– PS Holdco, LLC (“PS Logistics”) today announced that it has completed the acquisition of substantially all assets of Diamond State Trucking, Inc., RDA Tractor, LLC and RDA Trailer, LLC (collectively, “Diamond State Trucking” or the “Company”). Financial terms of the transaction were not disclosed.

Diamond State Trucking, headquartered in Malvern, AR, was founded in 1928 and has an exemplary safety record. The Company has long-term customers and has a goal to deliver personalized and professional cost-saving service to those customers every day. The Company’s state-of-the-art, well maintained fleet allows for reduced down time and better fuel economy. The experienced management team focuses on safety, performance and customer service, and the strong family atmosphere supports its mission, drivers and long-term customers.

The transaction will further strengthen PS Logistics’ operations in the Southeast and provide it with an additional terminal in Malvern, AR.

“We are proud to welcome Diamond State to the PS Logistics family of companies” said Houston Vaughn, President of PS Logistics. “Diamond State has a great culture, quality drivers and a long- standing tradition of excellent customer service. We look forward to working with their excellent drivers and experienced operations team to continue their great culture and strong customer service. Please join me in welcoming our newest addition to the PS Logistics family.”

“I am happy to be partnering with PS Logistics,” said Rodney Allen, President and Owner of Diamond State Trucking. “Diamond State has a proud heritage dating back to 1928 when it began with one mule-drawn wagon that hauled coal. Today, we serve the U.S. with a modern fleet of equipment and I look forward to continued growth and maintaining our best-in-class customer service. We have one of the highest retention rates in the country for drivers who believe in customer service, reliability, and timely deliveries. We look forward to what the future holds for our combined company and our industry.”

The Diamond State Trucking acquisition continues PS Logistics’ acquisition strategy of partnering with families and owners within the flatbed trucking segment. Since 2012, PS Logistics has successfully acquired 18 trucking and brokerage operations.

About PS Logistics

Founded in 2004, PS Logistics is one of the largest and fastest growing flatbed transportation solution providers in the United States. PS Logistics provides full-service transportation services, including asset-based transportation, non-asset-based transportation, brokerage, third-party logistics managed transportation, warehousing, and supply chain services. This hybrid model delivers optimal flexibility to address customer’s flatbed transportation needs in various industries throughout the United States.