Specialized Transportation acquired by CRST

CRST International, Inc. has acquired Specialized Transportation, Inc. (STI). Both companies are privately held and based in the USA.

"With this acquisition, CRST International projected annual revenue will be in excess of US$1.3 billion and will make CRST one of the largest and most diversified transportation companies in the United States," said Dave Rusch, CRST president and CEO.

As one of the largest specialized trucking companies in the United States, CRST International employs more than 4,400 drivers and office personnel. An additional 2,500 independent contractors are based across the USA.

STI, an independent company since 2004, STI was formerly the high value products and logistics division of North American Van Lines. Headquartered in Fort Wayne, Indiana, the company has 250 employees, 500 owner operators and works through a network of 150 agents in the United States and Canada.

"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 centres in key metropolitan areas in North America," Rusch continued.

"STI's capabilities complement and expand the services offered by CRST," said Ian Nicolson, STI president and CEO. "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," Nicolson continued.