Platinum Equity Adds Heavy-Hauler To Portfolio

Law360, New York (January 3, 2012, 7:30 PM EST) -- Buyout firm Platinum Equity LLC has added heavy-haul and commercial trucking provider Keen Transport Co. to its deep portfolio of logistics and distribution businesses, the firm announced Tuesday.

The Los Angeles-based private equity firm acquired Keen’s two logistics companies, Keen Transport Inc., which specializes in transporting heavy equipment, and general commodity carrier Cressler Trucking Inc. Platinum did not disclose the terms of the deal.

“Partnering with Platinum Equity is very exciting for our organization, our customers and all of our partners,” said Keen CEO Bill Keen....
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