The Allen Lund Co., La Canada Flintridge, Calif., has acquired Des Moines Truck Brokers Inc.
The first day of operation under the new ownership for Des Moines Truck Broker’s (DMTB) was Feb. 17, according to a news release. DMTB is a brokerage that was founded more than 50 years ago.
“With this acquisition, company culture was an important factor for ALC,” Eddie Lund, president, said in the release. “While doing our research, the executive team was very impressed with the people and the culture they have created at DMTB.”
Lund listed attributes of the company and employees, including strong work ethic and customer service.
Jimmy DeMatteis, DMTB president and CEO, said the values of the two companies are ideally aligned.
“I have always admired the Lunds and the business they have built,” DeMatteis said in the release. “As we have grown, I would be lying if I said we didn’t try in some way to emulate ALC.”
Des Moines Truck Brokers, Norwalk, Iowa, was co-founded by DeMatteis’ father, James DeMatteis, in 1969 with Joseph M. and Joseph T. Comito, whose family owns and operates Capital City Fruit, Norwalk, according to the release.
“I have been blown away with the many talented people behind the scenes and that we’ve interacted with,” Jimmy DeMatteis said in the release. “I feel blessed that our two teams will come together, and I am eager to see what we can achieve as one.”
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