syncreon acquires NAL Worldwide
The logistics company syncreon said Wednesday that it had acquired NAL Worldwide Holdings, Inc. Terms of the transaction were not disclosed.
Addison, Ill.-based NAL is a third-party logistics firm providing services to the telecommunications, retail, hi-tech and healthcare industries.
The transaction provides syncreon with six additional U.S. facilities, a national network of 150 service providers, and more than 550 people.
“This transaction strengthens syncreon’s service offering and expands end markets served to include telecommunications and retail,” the company said.
NAL had revenues of $75 million in 2009 and was majority owned by Chicago-based private equity firm Lake Capital.
Auburn Hills, Mich.-based syncreon is a global contract logistics and supply chain management company. It was formed through Walsh Western International’s acquisition of TDS Logistics in March 2007. syncreon has activities in 20 countries, with more than 50 facilities and about 9,000 employees. It's owned by Irish businessmen Michael and Brian Enright and the New York-based private equity firm GenNx360 Capital Partners.