Dive Brief:
- Family-owned trucking business Hogan has been sold to Enterprise Mobility, which manages vehicle rental brands Enterprise Rent-A-Car, National Car Rental and Alamo, a Monday news release said.
- Hogan has approximately 3,000 employees and over 10,000 pieces of equipment at over 50 locations, according to the release. Under the deal, it will operate as a separate business for the foreseeable future.
- “We are thankful for the Hogan family and senior leadership team and recognize their dedication creating the outstanding business Hogan is today,” said Chrissy Taylor, president and CEO of Enterprise Mobility. “We look forward to their continued leadership in the business.”
Dive Insight:
Hogan’s diverse mix of heavy-duty leasing and maintenance, as well as other trucking services like dedicated and one-way, is a distinct expansion from Enterprise Mobility’s Class 1-6 vehicle rentals.
But both companies have several similarities: being founded in St. Louis and privately held by families.
“Enterprise Mobility’s similar values and purpose, along with their commitment to managing their business for the long term like us, is why we feel this is right for both customers and employees,” Brian Hogan, president of Hogan Truck Leasing, said in the release.
Customers of each business will also have access to a wider range of services, noted David Hogan, president of Hogan Transports.
The change in ownership for Hogan, which began operations in 1918, comes as trucking businesses seek to fend off a prolonged freight recession. Other potential M&A on the horizon could include USA Truck and Forward Air.
