M&A Deal Summary

CRST International Acquires NAL Group

On March 3, 2020, CRST International acquired transportation company NAL Group from Graycliff Partners

Acquisition Highlights
  • This is CRST International’s 5th transaction in the Transportation sector.
  • This is CRST International’s 5th transaction in the United States.
  • This is CRST International’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2020-03-03
Target NAL Group
Sector Transportation
Buyer(s) CRST International
Sellers(s) Graycliff Partners
Deal Type Add-on Acquisition

Target

NAL Group

Edison, New Jersey, United States
NAL Group is a provider of last-mile delivery, dispatch, simple and complex installation, warehousing and direct fulfillment services to OEMs, retail and e-commerce companies.

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Buyer(S) 1

Buyer

CRST International

Cedar Rapids, Iowa, United States

Category Company
Founded 1955
Sector Transportation
DESCRIPTION

CRST International, Inc. is a transportation company. CRST provides a broad array of transportation solutions, including expedited van, flatbed, dedicated services, brokerage, transportation management, high-value product white-glove moving services, and expedited temperature controlled team services.


DEAL STATS #
Overall 5 of 6
Sector (Transportation) 5 of 6
Type (Add-on Acquisition) 5 of 6
State (New Jersey) 1 of 1
Country (United States) 5 of 6
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-12 Gardner Trucking

Chino, California, United States

Gardner Trucking, Inc. is a truckload carrier and provider of specialized regional truckload services, logistics, drayage and warehouse services for bulk and commodity end to end markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-31 BCB Transport

Mansfield, Texas, United States

BCB Transport provides a safety-focused dry van, refrigerated, and non-asset-based logistics company. BCB Transport was founded in 2011 and is based in Mansfield, Texas.

Buy -

Seller(S) 1

SELLER

Graycliff Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1991
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Graycliff Partners is a private equity firm focused on private equity and mezzanine investments in middle-market companies throughout the US. The Firm's mezzanine practice does not have any sector preferences and looks to invest $10 to $50 million in profitable companies with at least $10 million in revenue. Funds are used to support buyouts, growth needs, divestitures, or consolidations. Graycliff's private equity group looks to acquire middle-market companies in the manufacturing, service, and distribution sectors. The Firm looks for businesses with $10 to $200 million of revenue. Graycliff Partners was established in 1991 and is based in New York City.


DEAL STATS #
Overall 22 of 36
Sector (Transportation) 1 of 2
Type (Add-on Acquisition) 11 of 18
State (New Jersey) 1 of 3
Country (United States) 19 of 33
Year (2020) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-02 HarperLove

Charlotte, North Carolina, United States

HarperLove is a provider of performance additives, specialty adhesives, and wet-strength resins to the corrugated packaging industry. HarperLove was founded in 1978 and is based in Charlotte, North Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-20 Accelalpha

Bellevue, Washington, United States

Accelalpha is a business and IT consulting services firm that provides services across a breadth of industries. Accelalpha primarily focuses on providing end-to-end enterprise solution implementation services and is recognized for its rigorous, results-oriented approach in the development of solutions that deliver tangible results in a short time frame. Accelalpha’s breadth of consulting expertise includes project management, business process re-engineering, solutions architecture, application implementation, technology development, managed services, and systems administration. Accelalpha was founded in 2009 and is based in Bellevue, Washington.

Buy -