Dancer Logistics, a warehousing and transportation company based in Delphos, Ohio, has announced they have been acquired by FST Logistics, a 100% employee-owned, third-party logistics company headquartered in Dublin, Ohio. This strategic partnership marks a significant milestone in Dancer Logistics’ growth journey and opens new horizons for the company, according to a statement about the transaction.
The acquisition of Dancer Logistics by FST Logistics offers several strategic advantages, according to a statement issued by the Tenney Group, which advised Dancer on the transaction. This move unlocks significant growth potential for Dancer Logistics, allowing it to expand and thrive within the larger framework of the logistics industry. This acquisition also provides Dancer Logistics with valuable access to the extensive customer base and warehouse space of FST Logistics, enabling them to enhance operational efficiency and competitiveness. in the industry.
“Joining FST Logistics opens new doors for Dancer Logistics and the city of Delphos,” said Shawn Dancer, owner and president of Dancer Logistics, Inc.’ which has 59 drivers. “Becoming a part of FST not only allows the business to grow but our employees as well. FST’s vision and values align closely with Dancer, and its 100% employee-ownership allows for greater benefits for our employees. We are excited for the future that lies ahead”
Tenney Group advised Dancer Logistics on the transaction. Spencer Tenney, CEO of Tenney Group, said, “This is a great win for our client and for the fine team at FST. Expect more thoughtful acquisitions with these characteristics in Q3 and Q4 across our industry.”
The Tenney Group is a merger and acquisition advisory firm that has been dedicated to the transportation and logistics industry since 1973. Tenney Group primarily provides sell-side advisory services for companies with annual revenues ranging from $20 million to $300 million.
