Pennsylvania carrier acquired for $53M by Texas firm
Houston-based SMG Industries Inc. (SMGI) has acquired the Barnhart Transportation group, a 20-year-old trucking company and logistics brokerage with 167 drivers and 170 trucks. Officials for SMGI said the acquisition doubles the company’s annual revenue and creates operational and revenue diversification. “The acquisition of Barnhart creates an attractive and diversified platform,” Matt Flemming, SMGI chairman,…