Cochrane Group to acquire Scholz Transport
STS business will operate independently under the Cochrane banner
express freight and logistics company Peter Cochrane Transport has signed a formal agreement to take over the shares and assets of Scholz Transport Services (STS).
The STS business will continue to operate independently under the Cochrane Group once the deal takes effect on November 1.
Founder Dave Scholz and his son, Eddie Scholz, who is also the co-founder, will report to Cochrane’s CEO Bruce Hampson.
“The acquisition of the STS companies and the excellent reputation they have built in the market is key to growing our position as the leading provider of transport solutions to regional South Australia,” Hampson says.
“Cochrane’s will offer a wider range of services to STS customers while maintaining the high standards they have come to expect from Scholz.”
With extensive operations throughout the Iron Triangle, Eyre Peninsula, and Upper North of South Australia, STS is uniquely placed to benefi t from various regional projects, Cochrane Group states.
The regional revival underway includes the successful sale of Arrium to GFC Alliance in Whyalla, Nyrstar’s redevelopment of the smelter in Port Pirie, the Bungala Solar Energy farm outside of Port Augusta, and other signifi cant regional projects currently in the pipeline.
“When we fi rst discussed this opportunity with Dave and Eddie Scholz, we quickly saw that they shared our passion for being a private and independent high- quality service provider focused on the needs of regional South Australia,” Cochrane Transport chairman and owner Peter Cochrane says.
“They should be proud of the business they have built, and we look forward to them playing a vital role in its further growth and development within the Cochrane’s Group.”
The entire current staff of STS has been retained and the company expects its “loyal customers and suppliers will embrace this new development and the opportunities it creates”.
Eddie Scholz, Dave Scholz and Peter Cochrane