BTGI News on acquisition complete!
Bulova Technologies Group, Inc. Announces Acquisition of Trucking Company
LARGO, Fla.--(BUSINESS WIRE)-- Bulova Technologies Group, Inc. (BTGI) announced today the completion of the acquisition of Big Red LTL Transport, Inc., a New Jersey based trucking company with 27 trucks, 38 refrigerated trailers and 38 customers with hubs in both Netcong, New Jersey and Chicago, Illinois. The purchase was financed by Peoples Bank, a new lender to the Company.
Stephen L. Gurba, President and Chief Executive Officer of the Company, stated, “This acquisition is an important addition to the growth of Bulova Technologies’ family of transportation companies. Our transportation companies will now serve additional regions to complement our strong Florida presence. Big Red should increase our overall sales by $12 million annually. Our transportation business should now increase in our fiscal 2018 to well over $40 million in sales annually. We continue to look for strategic acquisitions in the transportation business.”
About Bulova Technologies Group, Inc.
Bulova Technologies Group, Inc., Bulova Technologies Europe LLC, Bulova Technologies Machinery LLC, Bulova Technologies Finance LLC, BT-Twiss Transport LLC’s and Big Red LTL Transport, Inc. headquarters are all located in Largo, Florida.
Bulova Technologies Group, Inc. Announces Acquisition of Trucking Company
LARGO, Fla.--(BUSINESS WIRE)-- Bulova Technologies Group, Inc. (BTGI) announced today the completion of the acquisition of Big Red LTL Transport, Inc., a New Jersey based trucking company with 27 trucks, 38 refrigerated trailers and 38 customers with hubs in both Netcong, New Jersey and Chicago, Illinois. The purchase was financed by Peoples Bank, a new lender to the Company.
Stephen L. Gurba, President and Chief Executive Officer of the Company, stated, “This acquisition is an important addition to the growth of Bulova Technologies’ family of transportation companies. Our transportation companies will now serve additional regions to complement our strong Florida presence. Big Red should increase our overall sales by $12 million annually. Our transportation business should now increase in our fiscal 2018 to well over $40 million in sales annually. We continue to look for strategic acquisitions in the transportation business.”
About Bulova Technologies Group, Inc.
Bulova Technologies Group, Inc., Bulova Technologies Europe LLC, Bulova Technologies Machinery LLC, Bulova Technologies Finance LLC, BT-Twiss Transport LLC’s and Big Red LTL Transport, Inc. headquarters are all located in Largo, Florida.
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There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
Disclaimer:
As used herein, the terms "You" and "Your" shall mean you, individually, the reader, and each other party on whose behalf you may use the contained information at any time.
All references to "My", "I", and “The writer of the above post” shall refer to the creator of the username Joey68.
Do NOT invest unless you are prepared to sustain a total loss of the money you have invested plus any commission or other transaction charges.
There is a very high degree of risk involved in trading and investing. Past results are not indicative of future returns. I assume no responsibility for your trading and investment results. You should NOT rely on the information in the above post to make any decision or take any action.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are OPINION and NOT fact and are for entertainment purposes only. Do your own research and make your own decisions based on your own conclusions.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are NOT advice, and are NOT designed to substitute the expertise and judgment of a professional. It is your responsibility to seek investment advice during all stages of your investments. It is your responsibility to evaluate the accuracy, completeness and usefulness of the information in the above post.
I am NOT a professional.
I do NOT work for you.
My posts are NOT investment advice. I am not paid to post.
There is no correlation between the number of posts I write per day and your assumed success of a company.
It is NOT my responsibility to inform you of my own personal investment decisions.
It is NOT my responsibility to inform you when it is time for you to buy, hold, and/or sell a position.
I have no control over, and am not responsible for the actions of others who copy, store, edit, change, prepare any derivative work of or alter in any way any of the content provided in my posts.
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