Sons buy stake in logistics company
The ownership of a logistics company in the region has “changed hands” to a “new generation.”
Holland-based Premier Freight Management Corporation said yesterday Jonathan Laning and Kyle Walcott, sons of the company’s founding partners, Doug Walcott and Mark Laning, have acquired 50 percent of the company, with each of them now owning a 25-percent share of the corporation and its subsidiaries, including Premier Freight, Premier Freight Systems and Premier Asset Leasing.
The transaction comes after the retirement of the Mark Laning, whose share will be bought out by the sons.
Doug Walcott will continue as the company’s CEO and plans to stay with the company for the foreseeable future.
Doug Walcott and Mark Laning started Premier Freight with their first delivery 14 years ago, having already had 25 years of experience in logistics management.
Doug Walcott said Kyle Walcott and Jonathan Laning have “watched Premier Freight grow,” and the pair will do “great things to move the company forward.”
Jonathan and Kyle have cumulatively spent 19 years learning the business, from operations to sales and how to carry on the company’s traditions, while innovating and incorporating best practices.
Premier Freight specializes in “full-service logistics,” with an emphasis on transporting large and complex items for manufacturers throughout the U.S.
The company said it is “growing quickly” and recently completed a long-term lease of a 75,000-square-foot warehousing space at Federal Square Business Park in Holland to meet the needs of its expanding customer base in both transportation and warehousing.