After 41 years, a family-owned dry and liquid bulk trucking company ceased operations as of midnight Tuesday, sources familiar with the matter told FreightWaves.
Dillon Logistics Inc., doing business as Dillon Transport, was headquartered in Burr Ridge, Illinois. The carrier had 342 drivers and 323 power units at the time of its closure, according to the Federal Motor Carrier Safety Administration’s SAFER website.
Former drivers, employees, and other logistics firms started posting about the company’s demise on social media Tuesday. However, the company has yet to issue a formal statement confirming the carrier’s closure.
Dillon Transport’s Facebook page was deactivated Tuesday, company email addresses listed on the carrier’s website weren’t working and no one was answering the telephone at its nine terminals in the country.
Founded in 1980, Dillon Transport provided dry bulk and liquid tanker services to the agriculture, building products, industrial, and energy industries.
Jeffrey Dillon, founder and president of Dillon Transport, did not respond to FreightWaves’ request seeking comment as of publication.
According to PitchBook, private equity firm Cotton Creek Capital recapitalized Dillon Transport to support the company’s continued expansion efforts in January 2017.
Texas-based Cotton Creek has offices in Dallas, Fort Worth and Austin, founded in 2006, focuses on investing in lower middle-market companies in the U.S.
The firm focuses on investing in companies within the manufacturing, infrastructure, value-added distribution, industrial services, building products, specialty chemical, business services, food and beverage, transportation and logistics sectors, according to PitchBook.
As of publication, Cotton Creek did not respond to FreightWaves’ request for comment regarding Dillon Transport.
Do you have a story to share? Send me an email. Your name will not be used without your permission.
See more from Benzinga
© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.