CRST International, Inc. Acquires NAL Group
On March 2, Cedar Rapids-based, CRST International, Inc. acquired the NAL Group, headquartered in Edison, NJ. The privately-held NAL Group leads the industry in final mile logistics, specializing in warehousing services, home delivery of big and bulky consumer durables, complex in-home installation and assembly services, and express courier services. Hugh Ekberg, President and CEO of […]
Forward Air Corporation Acquires Linn Star “LSHI” for $57.2 Million
Forward Air Corporation (NASDAQ:FWRD) announced that it has entered into an agreement to acquire substantially all of the assets of Linn Star Holdings, Inc., Linn Star Transfer, Inc. and Linn Star Logistics, LLC (collectively referred to as “LSHI”), for cash consideration of $57.2 million. The transaction will not include LSHI’s California operations. Finalizing the transaction […]
CEC Acquires Sound Services Inc. of Milwaukee
Communications Engineering Company (CEC) of Hiawatha has acquired 60-year-old tech supplier, Select Sound Service Inc. of Milwaukee, Wisconsin. The company said the strategic investment would position CEC to offer a wider selection of technology solutions and enhanced customer service experiences to its clients in Iowa and the southern half of Wisconsin. “Bringing CEC and Select […]
Hillcrest Holdings Acquires Southgate Companies
On April 30, Hillcrest Holdings, parent company for CRST International in Cedar Rapids acquired SouthGate Companies, a family owned real estate investment, development and rental company with roots in Iowa City since 1962. Hillcrest Holdings Vice President Ian Smith stated, “This is a long-term investment in a local company that shares our values of hard […]