ALEXANDRIA, Va., November 23, 2021 /PRNewswire/ — TransForce Group, a leader in the transportation and logistics industry, has purchased the United States Truck Driving School (USTDS) 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 TransForce Group’s eleventh acquisition under Palladium ownership.
“The recent acquisition of United States Truck Driving School demonstrates our continued commitment to solving the driver shortage and providing meaningful career opportunities to qualified CDL candidates across the country,” said Denis CookePresident and Chief Executive Officer of 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 the TransForce Group’s national footprint, reinforcing the company’s commitment to providing innovative solutions to motor carriers.
USTDS will retain its name and become part of the CDL School, a TransForce Group company, and help expand its veteran job placement program, providing CDL training solutions for service members to include now: northeast to the Great Plains and the 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 building on the great strides both 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 driver first. We are delighted that through this partnership, we will continue the great work started by the late Johnny Maurofounder of the USTDS,” added Richard Lamerowner and CEO of United Truck Driving School.
About TransForce Group
TransForce Group is a recognized leader in the transportation and logistics industry providing innovative, integrated technology solutions to third-party logistics companies, private fleets and trucking companies to accelerate their growth, improve their efficiency and respond to organizational requests. From increasing the flow of driver requests to digital marketing to fully or partially outsourced recruiting capabilities, TransForce Group continues to actively expand and diversify its portfolio ahead of industry trends. The company continues to lead the industry in innovative driver shortage solutions by enrolling new CDL students (many of whom are veterans) and guiding them from the classroom through of their careers as professional drivers, with a diverse workforce of drivers above the industry average. The company recently successfully launched TransForce One, a digital network of pre-qualified, ready-to-work, CDL-licensed drivers, matched in real time with carrier jobs. TransForce Group operates throughout the United States and Canada. Additional information about TransForce Group is available at transforcegroup.com.
About Palladium Equity Partners, LLC
Palladium is a middle-market private equity firm with nearly $3 billion in assets under management. The firm seeks to acquire and grow businesses in partnership with founders and experienced management teams by providing capital, strategic advice and operational oversight. Since its creation in 1997, Palladium has made  investments in the platform and more  [IR to confirm] additional purchases. For more information about Palladium, please visit palladiumquity.com.
About CDL Schools
CDL Schools is a full-service truck driving school. Founded in 1963 and based in Miami, Florida, CDL schools specialize in training individuals to obtain their commercial driver’s license. The school also provides vocational education and training for people seeking employment in the ground transportation industry. CDL Schools is a market leader in its innovative and educational approach. They offer programs ranging in length from a few hours to pass an exam (CDL or “CLT” license training courses) to several weeks to obtain 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 jobs in transportation. Additional information about CDL schools is available at https://www.cdlschool.com.
United States Truck Driving School (USTDS)
USTDS was founded in 1958 by John Mauro, a former Indy 500 race 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 in Colorado (denver and colorado springs), uses a fleet of 40 modern semi-trailers and employs approximately 40 full-time employees.
Trans Force Group