“I want to start by expressing my sincere gratitude to DSV for their engagement since the acquisition of DB Schenker and unwavering support throughout this process,” Henry said. “The extensive knowledge and global supply chain insights gained under two of the world’s leading freight forwarders are now a permanent part of our operational DNA. We are excited to have USA Truck return to U.S.-based ownership in the great state of Arkansas, where our legacy first laid out roots.”Walmart appoints Superhuman CEO to board of directors
The release said that UTAC is “owned by three principals with deep institutional knowledge of USA Truck and the transportation industry.” The owners include Henry, former Chief Financial Officer Zachary King, and former Chief Executive Officer James Reed.
USA Truck said the move to private ownership will enable the company to operate with greater speed, flexibility, and focus.
“This return to private ownership headquartered in Arkansas reinforces USA Truck’s identity as a U.S.-based carrier with deep regional roots, strong values, and a long-term commitment to customers, employees, and partners,” the company said in the release.
Details of the sale were not provided, and no filings have been posted about the deal as of Jan. 12.
