Recently, Bluestem Equity, a private investment firm, acquired one of the USA’s largest transportation and logistics firms, United Vision Logistics, commonly known as UVL. UVL presently has over 100 facilities with over 30,000 partnered carriers and about 1200 owner-operators globally. It has been a pioneer in providing heavy haul, long haul, and expedited shipping, along with a diverse selection of equipment to cater to the diversified needs of its clients.
In his interview, UVL President Colby Domingue announced, “Over the past decade, UVL has been under the ownership of a group of large capital providers and credit managers. Bluestem’s purchase allows us to partner with an industrial services leader with similar goals and ambitions. With our renewed emphasis on customers, employees, and partners, Bluestem and UVL will work together to continue to build our business into a formidable presence in the logistics industry.”
In addition, founder Ronnie Murphy said, “UVL’s leadership team has over 138 years of combined experience with core values revolving around safety, integrity, excellence, community, and drive. Those core values were instrumental in making the strategic decision to partner with Bluestem. “The UVL family is excited to join forces with those who share our values and looks forward to continuing the tradition of providing safe customer service!”
Ben Tucker, Vice President, Business Development, Bluestem Equity, expressed his excitement over this deal, saying, “We have an extensive business history in industrial services. Transportation and logistics are a large part of that portfolio. After two years of searching, Bluestem found UVL to have the right mix of capabilities, people, customers, and geography. After our first meeting with UVL leadership and witnessing UVL’s operations, we knew it was the perfect fit.”