Burr Ridge, Illinois-based Dillon Logistics, doing business as Dillon Transport, a dry and liquid bulk transportation company, abruptly shut down operations on August 31, 2021.
According to an anonymous executive, “The decision was made by our private equity owners.”
According to a September 1, 2021, a lawsuit (8:21-cv-02107) was filed over the company's failure to provide sufficient notice of layoffs under the WARN (Worker Adjustment and Retraining Notification ) Act in the U.S. District Court for the Middle District of Florida, the plaintiff, a mechanic, received an email that explained that the "company was going to be sold to another business but 'that transaction will not be going forward' and Defendant was 'left with no reasonable alternative other than to liquidate the business.'”
The lawsuit notes that the company employed 342 drivers and owned or leased 450 tractors, and 700 trailers.
It is believed that private equity firm Dallas, Texas-based Cotton Creek Capital acquired a majority stake when the company recapitalized Dillon Transport to support the company’s continued expansion efforts in January 2017.
Little more is known about the closure or the company at this time
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?