Trailer Magazine

Centurion comments on latest acquisition

  • Posted on Monday 2nd, September 2019.

Transport and logistics company, Centurion, aims to use its own modern fleet and infrastructure to service Regal’s existing contracts as well as offer employment to Regal’s frontline staff, following the agreement to acquire Regal’s Transport business from K&S Corporation.

The transaction was negotiated and agreed after K&S completed a strategic review of its general freight business in Western Australia.

Centurion CEO, Justin Cardaci, said resource clients were demanding more and more efficiencies from their services providers, including logistics companies, and the increased scale that the acquisition of the Regal business provided would enable Centurion to remain cost competitive through better asset utilisation.

“That knowledge and understanding of logistics challenges and opportunities in north-west WA is why the ability to purchase the Regal business appealed to Centurion,” said Cardaci.

“The additional scale will ensure Centurion can continue to be a strong service provider to the regional communities in which it operates, and can preserve the jobs of many Regal employees in a very competitive logistics market.

“The addition of Regal’s business ensures Centurion remains cost competitive while providing Regal’s customers with the industry-leading safety standards and customer focussed IT logistics that Centurion has built its reputation on.

“We are focused on seamlessly integrating the Regal business and staff into our company, with a particular focus on making sure that there is no impact on existing clients’ freight requirements. With the increased scale and efficiency the Regal acquisition will provide, Centurion is confident that it will meet and exceed client expectations.”

The transaction is expected to create additional flow-on benefits for Australian manufacturers. To service Regal’s customers, Centurion is expanding its current fleet of trucks, trailers and refrigerated vans, creating business and employment for the Australian trailer and refrigerated van manufacturers that supply Centurion.

Centurion plans to continue to operate Regal’s regular services to Broome, Derby, Karratha, Newman and Port Hedland.

The company is in the process of contacting clients serviced by Regal to discuss their haulage and logistics needs.

“As economic conditions in the WA resource sector improve, there is an increasing amount of project activity, and these additional resources will position us well to capitalise on this upturn,” said Cardaci.

(Image: Centurion CEO, Justin Cardaci.)

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