Bartlett & Co. Merges with Utah Conglomerate
Kansas City-based grain & milling firm will fold with Savage Companies
Grain and milling firm Bartlett & Company, based in Kansas City, MO, and supply chain provider Savage Companies, Salt Lake City, UT, announce the planned merger of their businesses to form a new combined entity, Savage Enterprises.
Together, Savage and Bartlett have more than 180 years of experience providing transportation, logistics and materials management services for customers across multiple industries, with a focus on energy and agriculture.
By combining strategic capabilities and assets, the new venture will be a leading single-source provider of a broad range of supply chain and industrial services. Both Savage and Bartlett are family owned and among the largest privately owned companies in their fields.
The businesses will continue to operate under both the Savage and Bartlett names. The merger is expected to be completed in August 2018 and terms of the transaction will remain confidential.
“Partnering with Savage makes sense logistically and strategically, and we couldn’t be more excited at this opportunity to combine our strengths for the benefit of our customers and partners,” says Bill Fellows, Bartlett President and CEO. “Our customers and partners can count on our continued commitment to provide exceptional service with the same great teams and working relationships they’ve come to trust.”
Bartlett has been operating for over 110 years, with more than 760 team members and 30 strategically located facilities throughout the United States and Mexico. Its agribusiness is focused on the acquisition, storage, transportation, processing and merchandising of grain, and is a leading exporter of grain to Mexico from the United States. The new entity will include Bartlett’s grain and milling businesses.
Established in 1946, Savage has more than 4,000 team members in over 250 operating locations across the United States, Canada, Mexico and Saudi Arabia. Savage specializes in rail, truck and marine transportation, logistics, materials handling, and other industrial and environmental services. Industries currently served by Savage include oil refineries, power generation, railroads, food and agriculture, oil and gas, mining, chemicals and petrochemicals, ports and terminals, and construction.