Specialized Transportation Inc. (STI), a provider of customized supply chain solutions for products requiring special handling and equipment, has been acquired by CRST International.
STI has been an independent company since 2004. Prior to that, the company was the high value products/logistics division of North American Van Lines.
“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 & 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.”
STI is based in Ft. Wayne, IN, and employs 250 while utilizing 500 owner-operators.
“STI’s capabilities complement and expand the services offered by CRST,” said Ian Nicolson, president & 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.”