Barr-Nunn, which has about 550 trucks, will keep its management team and company name in place and continue “with the Barr-Nunn personnel, policies, and culture,” Knight said in an Oct. 1 statement.
Knight paid about $112.4 million for Barr-Nunn and its real estate assets, which is subject to a post-
Russ MacNeil for TT
Barr-Nunn generated about $119.8 million in revenue, or $99.2 million excluding fuel surcharges, for the 12 months ended Aug. 31.
Its “highly profitable business” posted $26 million in earnings before interest, taxes, depreciation and amortization and $14.9 million in operating income for the same period, Knight said.
“Knight was our No. 1 choice for a buyer because their pursuit of excellence, their commitment to a career path for employees and their support of regional management teams strongly aligned with our goals,” Barr-Nunn CEO Jane Sturgeon said.
Phoenix-based Knight Transportation ranks No. 31 on the Transport Topics Top 100 list of the largest U.S. and Canadian for-hire carriers
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