HO-CHUNK, INC. EXPANDS LOGISTICS CAPABILITIES WITH ACQUISITION OF TRANSPORTATION COMPANY

July 26, 2016, Winnebago, Nebraska — Ho-Chunk, Inc. CEO and President Lance Morgan announced that a member of its Flatwater Group division, Flatwater Transportation, acquired Riedemann Transport, Inc. of Paullina, Iowa. Ho-Chunk, Inc., is the award-winning economic development corporation of the Winnebago Tribe of Nebraska.

Riedemann Transport has been in business for 20 years, specializing in refrigerated trucking to local and national customers throughout the United States. Flatwater Transportation is headquartered in Winnebago, Nebraska and has terminals in Bellevue, Nebraska, and now with the acquisition, Paullina, Iowa. Ho-Chunk, Inc.'s logistics division specializes in cost-effective shipping solutions, including transportation, distribution, and warehousing.

Morgan said, "We are always looking for solidly performing companies to join our corporation to enhance our product offerings and bring value-added services to our customers. We anticipate the addition of Riedemann Transport will enable us to maintain jobs in the Paullina community, while adding even more jobs across the communities in which we operate."

Micah Powers, CEO of Riedemann said, "I made the decision to have Riedemann join with Flatwater Transportation at this time because of the corporate infrastructure at Ho-Chunk, Inc., which will enable us to provide better service to our customers. Their strong financial position and entrepreneurial spirit positively translates into growth opportunities, too."

Ian Rodgers, the Senior Business Development Manager of the Flatwater Group, said, "This is an exciting time at Flatwater Transportation and Ho-Chunk, Inc. We are actively building our transportation network with quality acquisitions like Riedemann Transport to provide expanded opportunities and improved service to our customers around the United States. We are pleased that Micah Powers, his staff and the owner-operators of Riedemann Transport will continue their dedicated employment as part of the Flatwater Transportation team."

The acquisition is effective immediately. With the continuity of staff and location, daily operations are expected to be seamless.

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