Business
Next10, Inc. Acquires Two Privately Held Boise, ID Transportation Freight Hauling-related Companies
Next10, Inc. Acquires Two Privately Held Boise, ID Transportation Freight Hauling-related Companies.
About this update from Next10, Inc.
[{"type":"text","content":"\n\n\n\nNext10, Inc. Acquires Two Privately Held Boise, ID Transportation Freight Hauling-related Companies\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nNext10, Inc. Acquires Two Privately Held Boise, ID Transportation Freight Hauling-related Companies\nPR Newswire\nLAS VEGAS, Aug. 3, 2020\n\n\n\nLAS VEGAS, Aug. 3, 2020 /PRNewswire/ -- Ultimate Holdings Corporation, (Next10, Inc., dba Ultimate Holdings Corporation), (USOTC PINK: NXTN), (\"UHC\"), is pleased to announce that on August 1, 2020, UHC acquired two privately held Boise, Idaho transportation freight hauling-related companies:  Ultimate Logistics, LLC and Ultimate Innovations, LLC.  Each LLC will be wholly owned subsidiaries of UHC.  As part of this purchase, UHC acquired approximately 80 newer model semi-tractors and approximately 85 newer model 53' refrigerated trailers. The two companies acquired had a combined gross revenue of more than $17,500,000.00 for 2019.  Since their inception in 2013, both companies have remained profitable every year. The management of the two companies acquired, and their fantastic teams, will remain on board. \nBy acquiring the two companies, UHC now has \"The Ultimate Program\" which is unique, incomparable, and one-of-a-kind. The program allows individuals who have dedicated their lives to the over-the-road trucking industry the opportunity to turn their dreams into reality.  When The Ultimate Program was first developed seven years ago, five drivers were hired who wanted to become owner operators.  This was the first step in test marketing this unparelleled program.  Those five drivers are still with the two acquired companies today. UHC now has more than 75 drivers in The Ultimate Program. By the end of 2021, UHC's goal is to have more than 100+ drivers in their program. The Ultimate Program allows individuals to become owner operators, and to be able to purchase a newer model semi-tractor, with no money down.  Credit is not an issue. UHC is their bank. All the trailers in the UHC fleet are 53' refrigerated trailer...