Nampa, ID – Cool Mountain Transport, one of the Intermountain West’s premier transportation companies of food products, is naming industry veteran Tork Fulton as its new Chief Executive Officer. Along with the move, Interim CEO Tony Powe will remain on the company’s Board of Directors, a position he has held since September 2018. Founded in 2009 and headquartered in Nampa, ID, the company is a leading asset-based over-the-road trucking company that provides refrigerated and dry van transportation services to leading food services companies and agricultural producers throughout the United States.
Mr. Powe was installed as the Interim CEO in mid-2019 after the company received an investment from Central Valley Fund (“CVF”) in late 2018. He has led Cool Mountain Transport through the challenging rate market of 2019, the COVID-19 crisis earlier this year and a name change to Cool Mountain Transport in July. CVF Managing Partner, José Blanco said “Tony and his team have done a magnificent job repositioning the company’s operations issues as well as reaching out to the market to establishing relationships with key direct customers. Notably, the utilization of our fleet is at an all-time high, and we’ve been bombarded with comments from satisfied customers about how our service levels have improved over the last two years. We thank Tony for his service and are glad that he will continue to provide leadership as a member of the Board of Directors.”
In the summer of 2019, Mr. Powe transitioned from his Board position to become the Interim CEO to run the company. Mr. Powe commented that “The partnership with CVF has provided the company with the financial resources necessary to expand our operational infrastructure and become a more substantial transportation partner for our customers. I am proud that I, and the team at Cool Mountain Transport, have been able to improve service levels and provide expanded transportation solutions to the general marketplace.”
Cool Mountain Transport’s new CEO, Tork Fulton, comes with a vast array of experience. He started with Circle C Trucking as a lumper, dispatcher and planner and then moved to Dick Simon Trucking (which was eventually bought by Central Refrigerated Services and subsequently acquired by industry giant Swift Transportation). Mr. Fulton’s responsibilities and roles expanded from Customer Service and Load Planning to eventually Executive Vice President at Swift, where he grew revenue by $200 million. He was responsible for operations, sales, pricing, billing and team building for fleets up to 2,300 trucks. After leaving Swift, Mr. Fulton founded and ran Lone Peak Logistics, an over-the-road brokerage firm, that helped connect trucking firms with clients for over five years.
Mr. Fulton stated, “Cool Mountain Transport is on the verge of making a huge leap in utilization and customer service. I look forward to helping the company continue to grow and create more satisfied customers and engaged employees.”
Mr. Blanco, added, "Thanks again to Tony for his leadership. We are excited for Tork to get started and guide the company through its next phase of growth” Mr. Fulton’s first day with Cool Mountain Transport will be Thursday, November 12.
About Cool Mountain Transport
Cool Mountain Transport was founded in 2009 to provide food and livestock waste by-product hauling. While the Company continued to grow in that field, it diversified its offering to provide additional transportation services and general over-the-road trucking.
Currently, the Cool Mountain Transport provides general logistics solutions to a variety of businesses throughout the United States. For over ten years, the Company has partnered with customers by offering reliable, safe, and transparent supply chain solutions. Cool Mountain Transport received an investment by Central Valley Fund in late 2018. For more about Cool Mountain Transport, visit www.coolmountaintransport.com.
About Central Valley Fund
Central Valley Fund was established in 2005 to finance later-stage growth, recaps, and buyout opportunities across the lower middle market. CVF invests both mezzanine debt and preferred equity and has raised $385 million in committed capital across its three funds. The fund has offices throughout California in Davis, Fresno and San Diego. This geography allows the firm to attend to small businesses seeking capital throughout the broader Western United States. For more information, please visit .
Central Valley Fund
Tel: (530) 757-7004, ext. 222
Cell: (916) 501-7139