Air Road Express (Air Road), a provider of outsourced SCM and time definite transportation services based in Indianapolis, has been acquired by Steve Robinson, a former VP of Logistics for Wal-Mart, and Reliant Equity Investors, a Chicago based private equity firm.
The new company will operate under the name of Air Road Logistics, and will continue to be based from its current headquarters in Indianapolis.
Air Road offers supply chain solutions including air and ground-based freight expediting, full truck load transportation, warehousing, distribution, inventory management, outsourced transportation management, and third party vendor-managed inventory (VMI). Air Road specializes in NAFTA-oriented LTL consolidations from origin points in the East and Midwest to every major border crossing gateway into Mexico. Today Air Road primarily services the Automotive & Industrial, Retail, Consumer Electronics and Consumer Packaged Goods industries.
“We sought to acquire a leading logistics firm, with a broad range of services, a track record of profitable growth, and a loyal customer base,” said Roy Roberts, Managing Director of Reliant Equity Investors and former Group Vice President of General Motors. “Air Road was an ideal fit. We are delighted to announce this acquisition, committed to funding the company’s growth, and very excited about Air Road’s future.”
“Our vision is to expand our services and geographies for Air Road’s customers, so that we can deliver leading-edge, fully-integrated supply chain solutions while maintaining Air Road’s reputation for high service quality,” said Robinson.
This new team complements the current management strength of Air Road. Dan Frieden will continue to serve as President of Ground Transportation, Ernie Krebs will continue as CFO, Charlie Geyer will remain SVP of Logistics Operations and Jim McCrary will continue as VP of Regional Sales.
Previous year their express shipments via truck had increased 48 percent in a year. Air shipments, on the other hand, had remained flat
BG Strategic Advisors arranged the transaction between the two parties.
