Two Delaware companies in the transportation business have joined forces.
Burris Logistics, Milford and Trinity Logistics, Seaford, combined in a transaction announced late last week.
Burris is a long-time food distributor and operator of cold storage warehouses. The company has expanded in the logistics business and in 2018 acquired an Iowa-based freight broker.
Trinity does not own trucks, but matches shippers with shipments.
Trinity has annual revenues of $550 million. Established in 1979 by the Banning family, Trinity Logistics has over 275 employees in five regional service center locations, 100 agent offices throughout North America and a network of more than 40,000 carriers arranging over 350,000 shipments each year.
“The path to today’s announcement began with a conversation between two CEOs and good friends,” said Jeff Banning, CEO of Trinity Logistics, referring to contacts between himself and Burris CEO Donnie Burris. “We talked about mutual goals, strengths, challenges, and our desire to be good stewards of family-focused, family-run companies. As we discussed our future and common visions, it became clear that we could become a stronger, more competitive organization by joining forces.”
Trinity will continue to operate under its name.
Privately held Burris has about $3 billion in annual revenue, with $400 million in assets that include its own private fleet. It is ranked as the eighth largest cold storage provider in North America. Its warehouses are largely on the East Coast, with one site in Oklahoma.
Burris has Delaware sites in Milford, Harrington and New Castle, with another nearby location in Elkton, MD.
The company dates back to 1925, with family members prominent in Delaware business and political circles. Trinity has been in operation for 40 years. Further information on Burris available at www.burrislogistics.com.
