• ITVI.USA
    11,074.870
    63.600
    0.6%
  • OTRI.USA
    5.340
    0.050
    0.9%
  • OTVI.USA
    11,048.870
    52.590
    0.5%
  • TLT.USA
    2.580
    0.010
    0.4%
  • TSTOPVRPM.ATLPHL
    2.020
    0.120
    6.3%
  • TSTOPVRPM.CHIATL
    1.590
    0.110
    7.4%
  • TSTOPVRPM.DALLAX
    1.380
    -0.030
    -2.1%
  • TSTOPVRPM.LAXDAL
    1.930
    0.070
    3.8%
  • TSTOPVRPM.PHLCHI
    1.140
    0.040
    3.6%
  • TSTOPVRPM.LAXSEA
    2.390
    0.030
    1.3%
  • WAIT.USA
    120.000
    -19.000
    -13.7%
  • ITVI.USA
    11,074.870
    63.600
    0.6%
  • OTRI.USA
    5.340
    0.050
    0.9%
  • OTVI.USA
    11,048.870
    52.590
    0.5%
  • TLT.USA
    2.580
    0.010
    0.4%
  • TSTOPVRPM.ATLPHL
    2.020
    0.120
    6.3%
  • TSTOPVRPM.CHIATL
    1.590
    0.110
    7.4%
  • TSTOPVRPM.DALLAX
    1.380
    -0.030
    -2.1%
  • TSTOPVRPM.LAXDAL
    1.930
    0.070
    3.8%
  • TSTOPVRPM.PHLCHI
    1.140
    0.040
    3.6%
  • TSTOPVRPM.LAXSEA
    2.390
    0.030
    1.3%
  • WAIT.USA
    120.000
    -19.000
    -13.7%
Company earningsFinanceLast MileNewsTruckingTruckload

CRST acquires final-mile logistics provider NAL Group

The deal seeks to bolster CRST’s strategic growth plan

CRST International Inc. announced it has acquired Edison, New Jersey-based final-mile logistics provider NAL Group.

NAL Group consists of warehousing service and final-mile logistics provider North American Logistics, which was founded in 2015, and installation and assembly services company Installs LLC, founded in 1994. Collectively, NAL Group has 1 million square feet under management with 4,900 service providers and carrier crews completing 1.3 million transactions annually throughout the U.S. and Canada. 

NAL Group provides last-mile logistics services delivering furniture, appliances and electronics for some of the largest retailers, like Best Buy, Costco, IKEA, Lowe’s and Walmart.

Financial terms of the transaction were not disclosed.Monday’s announcement follows other recent deals in the final-mile segment.

NAL Group consists of warehousing service and final-mile logistics provider North American Logistics, which was founded in 2015, and installation and assembly services company Installs LLC, founded in 1994. Collectively, NAL Group has 1 million square feet under management with 4,900 service providers and carrier crews completing 1.3 million transactions annually throughout the U.S. and Canada. 

NAL Group provides last-mile logistics services delivering furniture, appliances and electronics for some of the largest retailers, like Best Buy, Costco, IKEA, Lowe’s and Walmart.

Financial terms of the transaction were not disclosed.

Monday’s announcement follows other recent deals in the final-mile segment.

“The acquisition of NAL Group complements CRST’s service offerings through expertise in final mile logistics and complex in-home installation and assembly services. CRST’s profitable growth has been built with the successful acquisition and integration of quality companies, and CRST is now one of the most diverse and complete transportation service providers in the industry,” said CRST International President and CEO Hugh Ekberg.

Privately held CRST is one of the largest transportation providers in the nation. The Cedar Rapids, Iowa-based truckload (TL) carrier provides team expedited, flatbed, dedicated, brokerage, and transportation and warehouse management services.

According to the press release, NAL Group’s previous president and CEO, Matt Riordan, will stay on to continue leading sales and operations.

The final-mile acquisition of NAL Group is expected to fill a “key element of the CRST strategic growth plan.” In recent years, CRST has acquired Specialized Transportation Inc, Allied Special Products (the specialized division of North American Van Lines), BESL Transfer Co, Pegasus Transportation and Gardner Trucking Inc.

“NAL Group will allow CRST to enter the complex in-home installation and assembly market with existing customers as well as with an expanded customer base in the U.S. and Canada,” Ekberg concluded.

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Todd Maiden

Based in Richmond, VA, Todd is the finance editor at FreightWaves. Prior to joining FreightWaves, he covered the TLs, LTLs, railroads and brokers for RBC Capital Markets and BB&T Capital Markets. Todd began his career in banking and finance before moving over to transportation equity research where he provided stock recommendations for publicly traded transportation companies.

One Comment

  1. Who in there right mind would associate themselves with trash company CRST. Instead of Eckburg saying his growth can be based on successful acquisitions he should speak the truth and include millions acquired through the raping of its driver work force and ridiculous labor fraud which we see evidence of this with CRST’s laughable driver turnover rate.

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