Cancel OK

Allen Lund Company acquires Des Moines Truck Broker’s Inc.

PRESS RELEASE: The Allen Lund Company BB #:107465, a transportation and logistics provider, announced today it has completed its acquisition of Des Moines Truck Broker’s, Inc. BB #:108946 (DMTB), a distinguished brokerage of over 50 years. February 17, 2020, was the first day of operations.

The acquisition brings Allen Lund Company’s exceptional reputation and operational excellence together with DMTB’s award-winning proven track record with their product-diverse customer base.

“With this acquisition, company culture was an important factor for ALC. While doing our research, the executive team was very impressed with the people and the culture they have created at DMTB” said Eddie Lund, president of Allen Lund Company. “We can confidently say that DMTB has a group that is team-oriented, maintains a strong work ethic, values customer service, and enjoys what they do. We are certain they are a great fit for our company.”

“We take great pride in the business my father started and our fifty-year reputation,” said Jimmy DeMatteis DMTB president and CEO. DeMatteis continued, “I have tremendous confidence in our DMTB team. Very few companies do what we do the way we do it and the Allen Lund Company does it the right way too! I have always admired the Lund’s and the business they have built. As we have grown, I would be lying if I said we didn’t try in some way to emulate ALC. Both companies have received the NASTC Broker of the Year award, DMTB in 2009 and 2013 and ALC in 2010. I can’t think of another company in this industry that we align with better than ALC. Throughout this process, I have found myself energized and excited to see what we can do as a unified team. Every single person I have dealt with at ALC has been welcoming, warm, and professional. I have been blown away with the many talented people behind the scenes and that we’ve interacted with. I feel blessed that our two teams will come together, and I am eager to see what we can achieve as one.”

Des Moines Truck Brokers was co-founded by James A. DeMatteis (Jim Sr.) in 1969 with Joseph M. and Joseph T. Comito. The Comito family owns and still operates Capital City Fruit. Jimmy DeMatteis became the second employee in October 1984. Much like ALC, the focus from day one was exempt commodities especially fresh produce, eggs, and turkeys. Jimmy served as VP of operations from 1997 to 2003. In 2003 Jimmy accepted the position of president and in 2009 President and CEO.