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IMPORTANT ACQUISITION ANNOUNCEMENT
July 28, 2011
CRST International, Inc. today announced the acquisition of Specialized Transportation, Inc. (STI)...
CRST International, Inc. Acquires Specialized Transportation, Inc. (STI)
CEDAR RAPIDS, Iowa (July 28, 2011) – CRST International, Inc. today announced the acquisition of Specialized Transportation, Inc. (STI), a leading provider of customized supply chain solutions for products that require high touch support, special handling and equipment, and value added on site services. Both companies are privately held.
STI, an independent company since 2004, was formerly the High Value Products/Logistics Division of North American Van Lines. Headquartered in Ft. Wayne, Indiana, the company has 250 employees, 800 owner operators and works through an extensive network of 150 agents in the United States and Canada.
“With this acquisition, CRST International projected annual revenue will be in excess of $1.3 billion and will make CRST one of the largest and most diversified transportation companies in the United States,” said CRST President and CEO Dave Rusch. “It supplements our current business of expedited van, flatbed, dedicated fleet and transportation management services by giving us access to a new network of agents and 45 distribution centers in key metropolitan areas in North America.”
CRST International is one of the largest specialized trucking companies in the United States. It currently employs more than 4,400 drivers and office personnel, and an additional 2,500 independent contractors across the United States.
“STI’s capabilities complement and expand the services offered by CRST,” said Ian Nicolson, President and CEO of STI. “Our suite of services includes specialized padded van transportation, trade show support, first and final mile logistics, white glove services, transportation management, warehousing, home delivery, and technology tools. CRST’s substantial resources will enable us to expand our service offerings.”
STI specializes in supporting customers in the Technology, Healthcare, Industrial, Furniture, Store Fixtures, Retail, and Financial Services markets.
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CRST International, Inc.
Cedar Rapids, Iowa–based CRST International, Inc. is one of the largest privately-held transportation companies in the United States. Through its five operating companies, CRST provides a broad array of transportation solutions, including van, flatbed and dedicated, as well as brokerage, transportation management services and high value product white glove moving services. CRST’s operating companies are made up of CRST Expedited, Inc., CRST Malone, Inc., CRST Dedicated Services, Inc., CRST Logistics, Inc. and Specialized Transportation, Inc. For more information, visit www.crst.com or call (800) 736-CRST (2778).