RUAN to Acquire Kings County Truck Lines
DES MOINES, IA — RUAN Transportation Management Systems, Inc. and Kings County Truck Lines, Inc. have entered into a nonbinding letter of intent, calling for RUAN to purchase 100 percent of the outstanding stock of Kings County and other related entities.
Kings County Truck Lines, Inc., headquartered in Tulare, Calif., is one of the nation’s largest re-gional food grade carriers. The transaction includes Kings County Truck Lines, Inc. and its affiliates Cal Western Transport, Inc., Fluid Transport, Inc., California Milk Transport, Inc., and MSM Trucking, LLC.
The closing of the transaction is subject to the completion of RUAN’s due diligence procedures and the completion of all of the definitive agreements required to document the transaction. It is anticipated that the closing of the transaction will take place prior to the end of the year.