VANCOUVER — ActionView International had been evaluating acquisition candidates for several months before entering into an agreement with Jim Palmer Trucking.
ActionView International‘s initial business venture was to custom design, develop and manufacture illuminated motion billboards. In just a few years, the ad company expanded from a few malls in Vancouver to locations around the world, including the United Arab Emirates, Australia, the U.S. and China.
The company recently began looking to expand the business through acquisitions and settled on a refrigerated carrier from Missoula, Mont. – Jim Palmer Trucking.
"It was our intention from the time we first became involved with ActionView International to target the best possible acquisition candidate," commented Steven Peacock, ActionView CEO. "While the disclosure of specific financial information for Jim Palmer Trucking will be part of the closing process, we can say that ActionView management is confident that Jim Palmer Trucking is a high quality company that we believe has a tremendous future operating in the public markets."
Jim Palmer Trucking was established in 1966 with one truck, but today operates in 44 states and maintains a fleet of 350 trucks and 500 trailers. The fleet’s top five customers by percentage of revenues include Anheuser Busch, the Kroger Co., Coors Brewing Company, C.H. Robinson Worldwide, and Tyson Foods.
The post-merger plan for Jim Palmer Trucking includes a potential acquisition strategy, the addition of new members to the management team, and the development of additional business lines within the trucking industry while maintaining and growing existing accounts in its core business.