CRST International Acquires BESL Transfer Company
CRST International, Inc., one of the largest transportation companies in the United States, has announced the acquisition of privately-held BESL Transfer Company, based in Cincinnati, Ohio.
The acquisition complements CRST Malone, which CRST International purchased in 1984. CRST Malone is one of the nation’s largest providers of long haul, flatbed services. BESL is a leading provider of short haul, flatbed services. Both companies serve customers in the construction trade, steel and aluminum markets. CRST funded the purchase through existing cash reserves, allowing the company to remain debt-free.
Dave Rusch, President and CEO of CRST International said, “CRST International is comprised of six specialized, niche transportation companies. We are always in search of adding companies to our portfolio that offer services which would allow us to expand our capabilities with our customers. The acquisition of BESL Transfer Company further complements our flatbed transportation services, by offering premiere, short haul dedicated services.”
CRST International is one of the largest specialized trucking companies in the United States, with projected revenues in 2013 to exceed $1.3 Billion. It currently employs more than 4,400 company drivers and office personnel, and an additional 2,500 independent contractors across the United States. With this acquisition, CRST continues its aggressive growth strategy. In the past two years, CRST has acquired Specialized Transportation, Inc. and Allied Special Products (the specialized division of North American Van Lines), as well as launched a Temperature Controlled Team Service offering. More info at: www.crst.com
Category: Featured, General Update
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