At a Glance

  • Family-owned freight company Hogan has been sold to Enterprise Mobility, which manages vehicle rental brands such as Enterprise Rent-A-Car, National Car Rental, and Alamo,a press release issued Mondayshows.
  • According to the press release, Hogan has approximately 3,000 employees and more than 10,000 pieces of equipment across over 50 locations. Under the agreement, Hogan will operate as an independent business for the foreseeable future.
  • "We appreciate the Hogan family and senior leadership team for their dedication in building Hogan into the great company it is today," said Chrissy Taylor, president and CEO of Enterprise Mobility. "We look forward to their continued leadership in the business."

Deep Dive

Hogan's diverse portfolio in heavy-duty rental and maintenance, as well as other freight services such as dedicated transportation and one-way transportation, represents a significant expansion for Enterprise Mobility from its Class 1-6 vehicle rental business.

But the two companies also share many similarities: both were founded in St. Louis and are privately held by families.

"Enterprise Mobility's similar values and purpose to ours, and their commitment to running the business for the long term like we do, are the reasons we believe this is the right choice for customers and employees," said Brian Hogan, president of Hogan Truck Leasing, in the press release.

Customers on both sides will also gain access to a broader range of services, noted David Hogan, president of Hogan Transports.

Hogan began operations in 1918, and this ownership change comes as freight companies attempt to weather a prolonged freight recession. Other potential M&A deals in the future may includeUSA TruckandForward Air。