Saia was initially acquired by Preston Trucking in 1987. Subsequently, as a subsidiary, it was purchased by Yellow Corporation in 1993.
The Initial Acquisition by Preston Trucking
Saia, a company originally founded by the Saia family, underwent its first significant change in ownership in the late 1980s.
- Year: 1987
- Buyer: Preston Trucking
- Seller: The Saia family
This transaction marked a key moment in Saia's corporate history, transitioning it from family ownership to a larger trucking enterprise.
Acquisition by Yellow Corporation
Several years later, Saia's ownership changed again as part of a broader corporate acquisition. Yellow Corporation, a major player in the transportation industry, expanded its portfolio by purchasing Preston Trucking.
- Year: 1993
- Buyer: Yellow Corporation
- Acquired Entity: Preston Trucking, which at the time included its subsidiaries, Saia and Smalley.
This acquisition meant that Saia became part of the Yellow Corporation group of companies, further integrating it into a larger national logistics network.
Overview of Saia's Acquisitions
To provide a clear timeline of these ownership changes, here is a summary:
| Year | Buyer | Seller/Context | Acquired Entity |
|---|---|---|---|
| 1987 | Preston Trucking | The Saia family | Saia |
| 1993 | Yellow Corporation | Preston Trucking (including its subsidiaries) | Preston Trucking (along with Saia and Smalley) |
These acquisitions illustrate the dynamic nature of corporate ownership within the trucking and logistics sector, where companies frequently change hands through mergers and acquisitions to expand market reach and operational capabilities.
