ALEXANDRIE, Virginia, 23 November 2021 / PRNewswire / – TransForce Group, a leader in the transportation and logistics industry, purchased the US Truck Driving School (USTDS) in the United States in Denver and Colorado Springs, Colorado. The sale has been finalized October 18, 2021. TransForce Group is majority owned by a subsidiary of Palladium Equity Partners, LLC, a private equity firm, and this purchase marks the eleventh acquisition of TransForce Group under Palladium ownership.
“The recent acquisition of the United States Truck Driving School demonstrates our continued commitment to solving the driver shortage and providing meaningful career opportunities for qualified CDL candidates across the country,” said Dennis cooke, President and CEO of the TransForce Group.
The nationally recognized school is a leader in CDL driver training and CDL testing in Colorado. The addition of USTDS, a full-service commercial truck driving school, helps expand TransForce Groups’ national presence, further strengthening the company’s commitment to providing innovative solutions to road hauliers.
USTDS will retain its name and become part of CDL School, a TransForce Group company, and help expand its Veterans Work Placement Program, providing CDL training solutions to service members to now include: northeast of the Great Plains and Rocky Mountains, The Pacific Coast, Alaska and Hawaii. Military veterans can use their Post-9/11 GI Bill® for CDL training and access the company’s military apprenticeship program while earning a substantial salary in their new career as professional truck drivers.
“We are honored and delighted to welcome USTDS to the TransForce Group family,” said Al Hanley III, Division President at CDL School, a TransForce Group company. “USTDS has been a leader in Colorado for more than five decades, and we look forward to combining and exploiting the great strides the two companies have made in educating and training the next generation of professional truck drivers. “
“Al and his team embody the philosophy that has guided USTDS over the years; they put the student and the conductor in the foreground. We are delighted that through this partnership, we will continue the excellent work started by Johnny mauro, founder of USTDS “, added Richard lammers, owner and CEO of United Truck Driving School.
About the TransForce Group
The TransForce Group is a recognized leader in the transportation and logistics industry providing innovative and integrated, technology-based solutions to third-party logistics companies, private fleets and trucking companies to accelerate their growth, improve their efficiency and resolve organizational demands. From increasing the driver application flow to digital marketing to full and partial outsourced recruiting capabilities, TransForce Group continues to actively expand and diversify its portfolio ahead of industry trends. The company continues to lead the industry for innovative driver shortage solutions by enrolling new CDL students (many of them veterans) and guiding them from the classroom through their professional driver careers, benefiting from ” a diverse workforce that is above the industry average. The company recently successfully launched TransForce One, a digital network of prequalified, ready to work, CDL licensed drivers matched in real time with carrier jobs. The TransForce Group operates throughout the United States and Canada. Additional information on the TransForce Group is available at transforcegroup.com.
About Palladium Equity Partners, LLC
Palladium is a mid-market private equity firm with nearly $ 3 billion in assets under management. The company seeks to acquire and grow businesses in partnership with founders and experienced management teams by providing capital, strategic advice and operational oversight. Since its inception in 1997, Palladium has made [38] platform investments and more [144] [IR to confirm] additional acquisitions. For more information on Palladium, please visit palladiumequity.com.
About CDL Schools
CDL Schools is a full service truck driving school. Founded in 1963 and based in Miami, FloridaCDL schools specialize in training individuals to obtain their commercial driver’s license. The school also provides vocational training and employment training for people seeking employment in the ground transportation industry. CDL schools are a market leader in its innovative and educational approach. They offer programs that last from a few hours to pass an exam (CDL License Training Course or “CLT”) to several weeks to get a job (certificate / diploma programs). In 2012, the school launched its military hiring program, Troops Into Transportation (T2T). T2T aims to help military and veterans find employment in transportation. Additional information on CDL schools is available at https://www.cdlschool.com.
United States Truck Driving School (USTDS)
USTDS was founded in 1958 by Jean Mauro, a former Indy 500 racing driver, who founded the Truck Driving School in response to the growing demand for professional truck drivers. Today, USTDS operates two separate driver training centers at Colorado (Denver and Colorado springs), operates a fleet of 40 modern semi-trailer platforms and employs approximately 40 full-time employees.
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SOURCE TransForce Group
