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EVO Transportation & Energy Services Closes Acquisition of Ursa Logistics

1234 Days ago

PEORIA, Ariz., Feb. 07, 2019 (GLOBE NEWSWIRE) -- EVO Transportation & Energy Services, Inc. (“EVO”) (OTC Pink: EVOA), an alternative fuel services company and emerging transportation operator, has completed the acquisition of Ursa Logistics.

Ursa Logistics is a trucking company based in Milwaukee, Wisconsin with 250 trucks and over 400 employees that provides specialized contract transportation for the USPS in the greater Midwest area. The company generated approximately $60 million in revenue for 2018.

“Closing the acquisition of Ursa is another important step forward for EVO and continues our strong start to 2019,” said John Yeros, CEO of EVO. “Ursa is a reputable company known for providing exceptional service to its USPS contracts that will significantly increase our footprint in the Midwest and further expand our growing platform.”

John Lampsa, founder and CEO of Ursa Logistics, commented: “EVO provides an excellent platform for Ursa to capture a significant amount of synergies and further grow our business. We look forward to working with the other well-known companies that EVO has recently acquired as we join the mission of creating a nationally recognized transportation organization necessary to win the increasingly competitive USPS contracts.”

Ursa Logistics will operate under the same company name and John Lampsa will remain as CEO.

About EVO Transportation & Energy Services, Inc.
EVO is an emerging transportation operator and next generation supplier for the United States Postal Service (USPS). It offers flexible and efficient solutions through a combination of Diesel and CNG trucks and tractors across 17 states. EVO also operates five strategically located CNG refueling stations located in Jurupa Valley, CA; Fort Worth, TX; Oak Creek, WI; Tolleson, AZ; and San Antonio, TX that accommodate class 8 trucks and trailers. For more information, please visit evocng.com.

Important Information
The statements in this press release that are not historical facts may be “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The words “believe,” “will,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “would,” “should,” “plan,” “expect,” “predict,” “could,” “potentially” or similar expressions identify forward-looking statements, although not all forward-looking statements include these words. These statements involve known and unknown risks, uncertainties and other important factors, including those described in under “Risk Factors” contained in EVO’s most recent Form 10-K and subsequent filings with the Securities and Exchange Commission. Moreover, the forward-looking statements speak only as of the date they are made, and EVO assumes no obligation to update or revise forward-looking statements to reflect actual performance or results, changes in assumptions or changes in other factors affecting forward-looking information, except to the extent required by law.

Corporate Contact Information
John Yeros
Chief Executive Officer

Investor Relations:
Cody Slach
Tel 1-949-574-3860

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