Xcel Bulk Logistics Acquires Commercial Bulk Division in 1845 and Launches XBL Industrial Materials | Business
WINSTON-SALEM, NC – (BUSINESS WIRE) – Sep 21, 2021–
Xcel Bulk Logistics LLC (âXBLâ) today announced that it has acquired Spotted Lakes LLC dba 1845 Commercial Bulk Division in an all-cash asset purchase transaction.
The transaction forms the basis for the launch of XBL Industrial Materials, a new corporate division to complement XBL’s existing XBL Construction Materials division which serves bulk cement customers throughout the South East. The new division will be based in the Dallas-Fort Worth Metroplex.
With operations in 15 states and headquarters in North Carolina, Texas and South Carolina, the new XBL Industrial Materials company is well positioned to meet the needs of a variety of customers for pneumatic and flatbed bulk transportation in the Southeast, Gulf Coast and Midwest regions. . The creation of a new division within XBL reflects a commitment to invest the necessary financial and operational resources to first provide high levels of service and security on existing commitments, but also to add additional capacity to the market as our customers grow.
âWe are delighted to take this strategic step for Xcel Bulk Logistics and to have the opportunity to bring ‘Xcellence in Safety, Services, and Solutions’ to a new market through XBL Industrial Materials. We are looking forward to winning the business and trust of our new customers from day one, and I am particularly looking forward to using our larger and more diverse platform to expand the services available in the bulk materials space to capacity. limited, âsaid Rick Hoyle, president of XBL. âWe are delighted to continue the solid heritage of the Commercial Bulk division of 1845 and particularly proud to have their team of excellent drivers as part of our growing organization. Together, we will work tirelessly to deliver on our commitments to customers as critical suppliers to their operations. “
âWe are proud of what we have accomplished over the past four years to make the Commercial Bulk division of 1845 a customer-focused service provider that customers can count on and that drivers are happy to work for. Thinking about the future and the opportunities available in this market, I believe the ownership and leadership of XBL is committed to continuing our legacy of serving dry bulk customers while investing in equipment and technology to evolve. with them over time, âsaid Robbie Ballard, President of 1845 and now Special Advisor to the Board of Directors of XBL Holdings LLC. âOn a personal level, we are grateful to the pilots who have contributed so much to our success, and I have no doubts that they will find a prominent place in XBL’s profitable, growing and secure business. “
âIndustrial Materials customers have come to know about our commitment to the professional and safe delivery of their cargo, and we are excited about the additional capacity and scale we will be able to deploy as part of the new XBL Industrial Materials. Said Randy Plotner, former vice president of business development for 1845 who is joining XBL Industrial Materials as vice president of business development. âThe logistical challenges facing supply chains nationwide are well known, but while we intend to help fill some of this shortage in this new entity, our customers can rest assured that our level of service will not weaken. “
âWhile XBL has focused on the dry cement market since its inception, our management team and operations staff have over twenty years of careers in industrial materials,â said Galen Murphy, Co-Founder and Vice President principal of XBL’s business development. âWe know these markets and their requirements, and we look forward to helping our customers solve some of the most difficult challenges in today’s transportation market. We look forward to bringing our captured capacity model, developed for use in XBL Construction Materials, to XBL Industrial Materials customers to immediately lock in additional dedicated capacity with long-term agreements. “
- Diversified and stable platform
To be a long-term partner for our customers as well as a great place to work for our drivers and office staff, we must operate a business that can withstand variations in the bulk materials market and the economy in its together. As a diverse company, XBL will provide a) more stable work for drivers throughout business cycles by deploying drivers across multiple divisions, b) better benefits for all employees, c) a more resilient financial positioning on which all stakeholders can count.
- Economies of scale
Investments in rolling stock, safety systems and technology require large investment programs that can benefit from sharing within a larger organization. This ensures that we are continually improving security and operations to improve customer outcomes while expanding our service offerings. In addition, our largest footprint will benefit from procurement, including fuel and insurance, which improves our cost structure and benefits our customers.
Perkins Coie has acted as a Buyer’s Counsel to Scopelitis, Garvin, Light, Hanson & Feary, PC as Regulatory Counsel.
Xcel Bulk Logistics LLC (“XBL”) is a North Carolina-based dry bulk transportation and logistics company operated by an experienced management team with strong financial backing to be the materials trucking operation of construction and industrial materials preferred by customers and drivers in North America. With safe and reliable delivery of creative logistics solutions, XBL is building a new model of bulk materials on “Xcellence in Safety, Services and Solutions”. To learn more, visit www.XcelBulk.com.
XBL is owned by the management and funds controlled by the Lilium Group, a Houston-based private equity manager focused on investments in the industrial and transportation space.
For more information on the companies or for this press release, please contact Galen Murphy, Senior Vice President of Business Development, at [email protected]
See the source version on businesswire.com: https://www.businesswire.com/news/home/20210921006151/en/
CONTACT: Galien Murphy
Senior Vice President of Business Development
KEYWORD: NORTH CAROLINA UNITED STATES NORTH AMERICA CANADA
INDUSTRY KEYWORD: TRUCKING ENGINEERING CHEMICALS / PLASTICS LOGISTICS / SUPPLY CHAIN ââMANAGEMENT TRANSPORT MANUFACTURING OTHER MANUFACTURING
SOURCE: Xcel Bulk Logistics
Copyright Business Wire 2021.
PUB: 09/21/2021 7:40 PM / DISC: 09/21/2021 7:41 PM
Copyright Business Wire 2021.