Following a successful bid for the acquisition of Allied System Holdings reported last month, North American vehicle haulier Jack Cooper Transport has received government approval to proceed with its takeover of the bankrupt rival carrier. The company expects to integrate the assets of Allied in December, following the customary business integration processes and legal checks.
The acquisition will mean Jack Cooper increases its fleet of car carriers to more than 4,000 trucks and trailers, and it will begin 2014 with more than 4,000 employees. The company already has the largest active car carrier fleet in the US, and is now expected to reach $1 billion in annual revenue in 2014.
