Merger Deal – Guardian Fleet Services

Guardian Fleet Services has merged Kauff’s Transportation Systems Inc. and Crockett’s Towing LLC, converting the merged firm into an employee stock ownership plan company or ESOP.

At the same time, the parent company, to be known as Guardian Fleet Services Inc. and based in West Palm Beach, bought the towing and recovery assets of RSC Corp. operating under the names Ace Wrecker Service, Russell’s Towing & Recovery and Hughes Towing, all of Orlando.

The new company is 70 percent owned by the owners of Kauff’s Transportation and Crockett’s Towing, with the remaining 30 percent owned by employees under the ESOP plan.

Read the full story on the Guardian Fleet Services Site HERE