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Partners for Strategic Transactions

Daseke Acquires Belmont Enterprises through Smokey Point Distributing

1/4/2018

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​Daseke continued its streak of acquisitions by acquiring Belmont Enterprises through its wholly owned subsidiary, Smokey Point Distributing. Olympia, Washington-based Belmont is a dedicated hauler for the residential glass market (STOCE). The acquisition adds to Daseke’s current glass capabilities after acquiring Moore Freight Service last month.

Dan Wirkkala, President and CEO of Smokey Point, stated, “We felt Belmont could increase our capabilities in regional glass hauling and that they could benefit from our technological resources, such as our TMS (transportation management system) — not to mention the consolidated purchasing power of Daseke. It’s just a great match, one with a lot of synergy.”
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Belmont operates 30 tractors and is the dedicated carrier for Cardinal Glass. Financial terms of the deal were not released at this time.
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​Skyline Advisors is a division of Ideation Ventures, Inc. Services involving securities are offered through M&A Securities Group, Inc.4151 N Mulberry Drive Suite 252, Kansas City, MO, 64116  (“MAS") . Services involving real estate brokerage are offered through Berkshire Hathaway HomeServices Ambassador Real Estate ("BHHS"). Skyline, MAS, and BHHS are separate entities. 
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