USA Truck Returns to Arkansas as Former CEO Joins New Ownership Group

USA Truck Returns to Arkansas as Former CEO Joins New Ownership Group

The Danish logistics company DSV has agreed to sell USA Truck Inc. to a three-man ownership group that includes former CEO James Reed. Terms of the deal were not released. Reed, George Henry and Zach King will return the company to private ownership through the group’s UTAC LLC with Reed in an advisory role. Henry, who oversaw the subsidiary for DSV, will serve as CEO and King will be CFO. James Reed (Corey S. Krasko) “We are excited to have USA…

DSV divests USA Truck

USA Truck – previously owned by DB Schenker (now part of DSV) – announced “a significant and strategic transition to private, Arkansas-based ownership, marking a pivotal new chapter in the company’s more than 40-year history”. Deal terms and size undisclosed. Following the successful execution of an agreement for DSV to divest 100% of the shares in USA Truck to UTAC LLC, a private entity based in Arkansas, “USA Truck officially returns to ... Th…

USA Truck Returns to Private Ownership with Arkansas-Based UTAC, LLC, Positioned for Accelerated Growth

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