Aqua Power Systems Inc (OTCMKTS: $APSI ) Completes Acquisition of Tradition Transportation Group & Negotiates Potential Acquisition of Large Warehouse Facility
Aqua Power Systems Inc (OTCMKTS: APSI) hit a high of $0.78 on Friday December 30 after the Company filed the super 8k announcing the acquisition of Tradition Transportation Group and all its subsidiaries. Since then, the stock has seen some choppy waters and is under steady accumulation at current levels. Tradition, operating out of Angola, Indiana is a big deal in the booming freight transportation business reporting $87 million USD in revenues in 2021. Tradition also owns 6 warehouses in Indiana and Georgia that provide 1.8 million sq. ft. of warehouse compacity.
Mergers are more explosive than biotech’s when the incoming Company has real value compared to the pubco the merged into. Take HRBR which was trading under a penny when Air Wisconsin merged into the Company and then ran to over $3 per share. APSI is debt free and an SEC filer and they have an ambitious management team looking to make more acquisitions. The Company tweeted on January 5: “With Super 8-K behind us, all eyes @ $APSI are focused forward on growth/expansion. Negotiations presently underway for potential acquisition of very large warehouse facility including high demand large capacity freezer storage.
Aqua Power Systems Inc (OTCMKTS: APSI) mission is to build a company that provides efficient and reliable logistics and transportation solutions that exceed the expectations of its clients and partners. The Company strives to be the industry leader by continuously improving its services, investing in the latest technologies, and valuing the safety and well-being of our employees and customers. Aqua’s goal is to build long-term relationships with its clients and partners through exceptional service, innovation, and a commitment to excellence. Currently APSI is focused on growing the company exponentially through acquisitions.
Aqua was originally incorporated in Nevada on December 9, 2010, as NC Solar Inc. and was abandoned after its solar energy collection business failed. In December 2020 Small Cap Compliance was appointed custodian of the Company and filed the Certificate of Reinstatement on December 7, 2020. The custodianship was terminated in March 2021.
On December 30 APSI filed a super 8k announcing the acquisition of Tradition Transportation Group and all its subsidiaries. The 8k stated: “On December 28, 2022, (the “Effective Date”), APSI entered into a series of agreements for the purchase of all of the issued and outstanding stock held by the shareholders of Tradition Transportation Group, Inc., an Indiana corporation. Those agreements are discussed below. On December 28, 2022, APSI simultaneously entered into a Stock Purchase and Sale Agreement SPA with Mr. Davis to purchase 745,196 shares of common stock of Tradition Inc., for $28,548,458 USD which is equal to $38.31 per share. The Shares represent all of the issued and outstanding shares of Tradition. Read more about the details of the transaction here.
Tradition Transportation Seeking Lease Drivers | Flexible Home TimeTradition is headquartered in Angola, Indiana, provides freight transportation, brokerage, truck leasing and financing, warehousing and fulfillment services throughout the United States, and manufactures and sells bolts and fasteners, and creates custom plates, cages, and embeds. Traditions subsidiaries are Tradition Transportation Company, L.L.C., Tradition Leasing Systems, L.L.C., Tradition Logistics, L.L.C., Freedom Freight Solutions, LLC, Tradition Transportation Sales & Service, Inc. and Anthem Anchor Bolts and Fasteners, LLC. Tradition operates in the booming U.S. trucking industry that is large and fragmented, characterized by many small carriers. Some of Tradition’s competitors include J.B. Hunt, Old Dominion Freight Line, Schneider, ACME Truck Line Inc., Crete Carrier, C.H. Robinson, CRST, Knight Logistics, Swift, and Werner Enterprises. Gross freight revenues from trucking amounted to $875.5 billion dollars in 2021, which represents 80.8% of the revenue generated by the freight industry.
Tradition’s “Warehouse Leasing Services” make up about 8% of its total revenue, as of its fiscal year ended December 31, 2021. Tradition has 6 warehouses with 4 in Indiana, specifically Angola, Indianapolis, Greenfield, and Greenwood; and 2 located in Georgia, specifically Statesboro and Savannah. The warehouses provide more than 1.8 million sq. ft. of warehouse compacity.
Tradition operates a fleet of approximately 162 company-owned tractors and approximately 303 trailers. Additionally, Tradition leases approximately 64 tractors and 248 trailers. Tradition’s tractor fleet includes technology including electronic logging devices ELDs, electronic speed limiters, electronic roll stability, and Samsara forward facing dash cams. Each of Tradition’s company tractors is also equipped with onboard communication units that offer real time freight positioning to its customers and instant communication between its drivers and Tradition. Tradition’s company tractors have an average model year of 2020 and its trailers have average model year of 2017, as of December 28, 2022.
Tradition maintains a diverse customer base that includes a large base of nearly 500 active customers, including Meijer Distribution, Inc. Therma-Tru Corp., Dunham’s Distribution Center, Bridgestone, and C.H. Robinson. Tradition’s customers fall within a broad spectrum of geographies and end markets, including building materials, transportation, automotive, manufacturing, grocery stores, containers and packaging, and food and drink. For the fiscal year ended December 31, 2021, Tradition’s largest customer accounted for approximately 13% of Tradition’s revenue.
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Over the past year Tradition has made 2 significant acquisitions including Karr Transportation, Inc., through which the Company acquired 25 tractors for $3,500,000, and 35 Utility Reefer Trailers for $3,000,000. Traditions subsidiary Anthem Anchor Bolts & Fasteners, LLC acquired a number of assets from EDSCO Holding Company, LLC that included a 2011 Chevy Truck, a Trailer, a Nissan forklift, a Yale forklift, a Clark Forklift, a 250 Amp Mig Welder, a 2 1/2 Double head landis Threader, a 1 1/4 single head landis, a 1 1/4 rotary bender, a 200 ton Bulldozer, a do all saw, a Tesker 236 threader, a Tesker 215 roll threader, a Tesker 210 roll threader, a Reed B 112 Roll threader, a Landis Lanurol roll threader, a Plasma table, a Landis cut threader, a Floor scale, an additional 250 amp mig welder, various tools, a Bar Snapper, a Plasma Water Table, a Small bending unit, a Pallet Racking machine, and a Mult-function Printer.
ImageOn January 4 APSI commented on the recently released and formally announced the successful consummation of the recently announced LOI to wholly acquire Tradition Transport Group, Inc and its entire portfolio of corporate subsidiaries.
Tradition was incorporated under the laws of the State of Indiana on September 16, 2015. Tradition is headquartered in Angola, Indiana, and provides freight transportation, brokerage, truck leasing and financing, warehousing and fulfillment services throughout the United States, and manufactures and sells bolts and fasteners, and creates custom plates, cages, and embeds. As of December 2022, Tradition has approximately 215 full-time employees. 60 of the full-time employees are its drivers, and 122 are office personnel. Tradition also 132 owner operator drivers.
In fiscal year 2021 Tradition Transport recorded approximately $87 million dollars of revenue in its audited financial statement.
Tim Evans President and CEO of Tradition Transport stated: “Months of planning, discussing, and strategizing have come to fruition and I’m more excited for Tradition’s future than ever before. First of all, let me be as clear as possible to all the Tradition family of clients, drivers, and other employees that this acquisition does not change our business trajectory other than amplifying and accelerating the path we’ve already been on. We believe that this acquisition positions Tradition for next-level growth. Tradition is a profitable company with an established customer base. Tradition surpassed our 2021 audited numbers by a significant margin. I’ll be talking more about this soon once our 2022 audit is complete. Suffice it to say we are growing and now through this acquisition we have a rock-solid foundation that will carry us far into the future.”
As Aqua Power takes on a new life with this acquisition, the Company offered the following as a mission statement that more accurately defines the corporate business: “Our mission is to build a company that provides efficient and reliable logistics and transportation solutions that exceed the expectations of our clients and partners. We strive to be the industry leader by continuously improving our services, investing in the latest technologies, and valuing the safety and well-being of our employees and customers. Our goal is to build long-term relationships with our clients and partners through exceptional service, innovation, and a commitment to excellence.”
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Currently trading at a$6.4 million market valuation APSI os is 17,204,180 shares outstanding. The stock has fallen significantly since its highs of $0.78 on December 30 when the Transport acquisition was announced and is currently under heavy accumulation by speculators who don’t expect to see these prices last for long. Tradition, operating out of Angola, Indiana is a big deal in the booming freight transportation business reporting $87 million USD in revenues in 2021. Tradition also owns 6 warehouses in Indiana and Georgia that provide 1.8 million sq. ft. of warehouse compacity. APSI is debt free and an SEC filer and they have an ambitious management team looking to make more acquisitions. The Company tweeted on January 5: “With Super 8-K behind us, all eyes @ $APSI are focused forward on growth/expansion. Negotiations presently underway for potential acquisition of very large warehouse facility including high demand large capacity freezer storage. We will be updating on APSI when more details emerge so make sure you are subscribed to newsytrends.com by entering your email below.
https://newsytrends.com/2023/01/08/aqua-power...-facility/
Aqua Power Systems Inc (OTCMKTS: APSI) hit a high of $0.78 on Friday December 30 after the Company filed the super 8k announcing the acquisition of Tradition Transportation Group and all its subsidiaries. Since then, the stock has seen some choppy waters and is under steady accumulation at current levels. Tradition, operating out of Angola, Indiana is a big deal in the booming freight transportation business reporting $87 million USD in revenues in 2021. Tradition also owns 6 warehouses in Indiana and Georgia that provide 1.8 million sq. ft. of warehouse compacity.
Mergers are more explosive than biotech’s when the incoming Company has real value compared to the pubco the merged into. Take HRBR which was trading under a penny when Air Wisconsin merged into the Company and then ran to over $3 per share. APSI is debt free and an SEC filer and they have an ambitious management team looking to make more acquisitions. The Company tweeted on January 5: “With Super 8-K behind us, all eyes @ $APSI are focused forward on growth/expansion. Negotiations presently underway for potential acquisition of very large warehouse facility including high demand large capacity freezer storage.
Aqua Power Systems Inc (OTCMKTS: APSI) mission is to build a company that provides efficient and reliable logistics and transportation solutions that exceed the expectations of its clients and partners. The Company strives to be the industry leader by continuously improving its services, investing in the latest technologies, and valuing the safety and well-being of our employees and customers. Aqua’s goal is to build long-term relationships with its clients and partners through exceptional service, innovation, and a commitment to excellence. Currently APSI is focused on growing the company exponentially through acquisitions.
Aqua was originally incorporated in Nevada on December 9, 2010, as NC Solar Inc. and was abandoned after its solar energy collection business failed. In December 2020 Small Cap Compliance was appointed custodian of the Company and filed the Certificate of Reinstatement on December 7, 2020. The custodianship was terminated in March 2021.
On December 30 APSI filed a super 8k announcing the acquisition of Tradition Transportation Group and all its subsidiaries. The 8k stated: “On December 28, 2022, (the “Effective Date”), APSI entered into a series of agreements for the purchase of all of the issued and outstanding stock held by the shareholders of Tradition Transportation Group, Inc., an Indiana corporation. Those agreements are discussed below. On December 28, 2022, APSI simultaneously entered into a Stock Purchase and Sale Agreement SPA with Mr. Davis to purchase 745,196 shares of common stock of Tradition Inc., for $28,548,458 USD which is equal to $38.31 per share. The Shares represent all of the issued and outstanding shares of Tradition. Read more about the details of the transaction here.
Tradition Transportation Seeking Lease Drivers | Flexible Home TimeTradition is headquartered in Angola, Indiana, provides freight transportation, brokerage, truck leasing and financing, warehousing and fulfillment services throughout the United States, and manufactures and sells bolts and fasteners, and creates custom plates, cages, and embeds. Traditions subsidiaries are Tradition Transportation Company, L.L.C., Tradition Leasing Systems, L.L.C., Tradition Logistics, L.L.C., Freedom Freight Solutions, LLC, Tradition Transportation Sales & Service, Inc. and Anthem Anchor Bolts and Fasteners, LLC. Tradition operates in the booming U.S. trucking industry that is large and fragmented, characterized by many small carriers. Some of Tradition’s competitors include J.B. Hunt, Old Dominion Freight Line, Schneider, ACME Truck Line Inc., Crete Carrier, C.H. Robinson, CRST, Knight Logistics, Swift, and Werner Enterprises. Gross freight revenues from trucking amounted to $875.5 billion dollars in 2021, which represents 80.8% of the revenue generated by the freight industry.
Tradition’s “Warehouse Leasing Services” make up about 8% of its total revenue, as of its fiscal year ended December 31, 2021. Tradition has 6 warehouses with 4 in Indiana, specifically Angola, Indianapolis, Greenfield, and Greenwood; and 2 located in Georgia, specifically Statesboro and Savannah. The warehouses provide more than 1.8 million sq. ft. of warehouse compacity.
Tradition operates a fleet of approximately 162 company-owned tractors and approximately 303 trailers. Additionally, Tradition leases approximately 64 tractors and 248 trailers. Tradition’s tractor fleet includes technology including electronic logging devices ELDs, electronic speed limiters, electronic roll stability, and Samsara forward facing dash cams. Each of Tradition’s company tractors is also equipped with onboard communication units that offer real time freight positioning to its customers and instant communication between its drivers and Tradition. Tradition’s company tractors have an average model year of 2020 and its trailers have average model year of 2017, as of December 28, 2022.
Tradition maintains a diverse customer base that includes a large base of nearly 500 active customers, including Meijer Distribution, Inc. Therma-Tru Corp., Dunham’s Distribution Center, Bridgestone, and C.H. Robinson. Tradition’s customers fall within a broad spectrum of geographies and end markets, including building materials, transportation, automotive, manufacturing, grocery stores, containers and packaging, and food and drink. For the fiscal year ended December 31, 2021, Tradition’s largest customer accounted for approximately 13% of Tradition’s revenue.
To Find out the inside Scoop on APSI Subscribe to newsytrends.com Right Now by entering your Email in the box below
APSI
Over the past year Tradition has made 2 significant acquisitions including Karr Transportation, Inc., through which the Company acquired 25 tractors for $3,500,000, and 35 Utility Reefer Trailers for $3,000,000. Traditions subsidiary Anthem Anchor Bolts & Fasteners, LLC acquired a number of assets from EDSCO Holding Company, LLC that included a 2011 Chevy Truck, a Trailer, a Nissan forklift, a Yale forklift, a Clark Forklift, a 250 Amp Mig Welder, a 2 1/2 Double head landis Threader, a 1 1/4 single head landis, a 1 1/4 rotary bender, a 200 ton Bulldozer, a do all saw, a Tesker 236 threader, a Tesker 215 roll threader, a Tesker 210 roll threader, a Reed B 112 Roll threader, a Landis Lanurol roll threader, a Plasma table, a Landis cut threader, a Floor scale, an additional 250 amp mig welder, various tools, a Bar Snapper, a Plasma Water Table, a Small bending unit, a Pallet Racking machine, and a Mult-function Printer.
ImageOn January 4 APSI commented on the recently released and formally announced the successful consummation of the recently announced LOI to wholly acquire Tradition Transport Group, Inc and its entire portfolio of corporate subsidiaries.
Tradition was incorporated under the laws of the State of Indiana on September 16, 2015. Tradition is headquartered in Angola, Indiana, and provides freight transportation, brokerage, truck leasing and financing, warehousing and fulfillment services throughout the United States, and manufactures and sells bolts and fasteners, and creates custom plates, cages, and embeds. As of December 2022, Tradition has approximately 215 full-time employees. 60 of the full-time employees are its drivers, and 122 are office personnel. Tradition also 132 owner operator drivers.
In fiscal year 2021 Tradition Transport recorded approximately $87 million dollars of revenue in its audited financial statement.
Tim Evans President and CEO of Tradition Transport stated: “Months of planning, discussing, and strategizing have come to fruition and I’m more excited for Tradition’s future than ever before. First of all, let me be as clear as possible to all the Tradition family of clients, drivers, and other employees that this acquisition does not change our business trajectory other than amplifying and accelerating the path we’ve already been on. We believe that this acquisition positions Tradition for next-level growth. Tradition is a profitable company with an established customer base. Tradition surpassed our 2021 audited numbers by a significant margin. I’ll be talking more about this soon once our 2022 audit is complete. Suffice it to say we are growing and now through this acquisition we have a rock-solid foundation that will carry us far into the future.”
As Aqua Power takes on a new life with this acquisition, the Company offered the following as a mission statement that more accurately defines the corporate business: “Our mission is to build a company that provides efficient and reliable logistics and transportation solutions that exceed the expectations of our clients and partners. We strive to be the industry leader by continuously improving our services, investing in the latest technologies, and valuing the safety and well-being of our employees and customers. Our goal is to build long-term relationships with our clients and partners through exceptional service, innovation, and a commitment to excellence.”
We have something big coming Subscribe Right Now!
Currently trading at a$6.4 million market valuation APSI os is 17,204,180 shares outstanding. The stock has fallen significantly since its highs of $0.78 on December 30 when the Transport acquisition was announced and is currently under heavy accumulation by speculators who don’t expect to see these prices last for long. Tradition, operating out of Angola, Indiana is a big deal in the booming freight transportation business reporting $87 million USD in revenues in 2021. Tradition also owns 6 warehouses in Indiana and Georgia that provide 1.8 million sq. ft. of warehouse compacity. APSI is debt free and an SEC filer and they have an ambitious management team looking to make more acquisitions. The Company tweeted on January 5: “With Super 8-K behind us, all eyes @ $APSI are focused forward on growth/expansion. Negotiations presently underway for potential acquisition of very large warehouse facility including high demand large capacity freezer storage. We will be updating on APSI when more details emerge so make sure you are subscribed to newsytrends.com by entering your email below.
https://newsytrends.com/2023/01/08/aqua-power...-facility/
