Greatwide Logistics Services – a provider of nonasset-based transportation and third-party logistics services – announced Tuesday, April 8, that it has acquired Wytheville, Va.-based Camrett Inc. and related companies; terms were not announced. Camrett will be integrated into Greatwide’s Dedicated Transport business unit, which is the largest of Greatwide’s business units.
Privately-held Camrett provides dedicated contract carriage services to top-name clients across a variety of industries, including grocery, automotive, retail and wholesale; key customers include The Kroger Co., Pepsi Bottling Group, Gatorade, Crown Cork & Seal, Cardinal Glass, TRW Steering Gears, Atsumicar and Volvo Logistics.
“The acquisition of Camrett allows us to advance our dedicated contract carriage leadership position in the grocery and food markets.” says Ray Greer, chief executive officer of Dallas-based Greatwide Logistics Services. “It also allows us to expand geographically while simultaneously increasing our operational and market density in the Southeast.”
Founded in 1995, Camrett has grown from a small single-location dedicated contract carriage operator to one that serves customers in multiple terminals located in Virginia, Indiana and Georgia. The company has about 90 company drivers, operates a fleet of about 80 tractors and in 2007 generated about $16.5 million in revenue.
“We were attracted to Greatwide because of its reputation as one of the industry’s most respected dedicated grocery carriers in the United States and because of its fit with our culture and our customers,” says Collin Peel, president and co-founder of Camrett. “We’ve built our business by offering our customers flexible and high-quality capacity. In most cases, Greatwide’s existing dedicated operations are located near our customers’ distribution centers, which will allow us to better serve our customers and grow faster than either of us could have done separately.”
Greatwide is owned by Investcorp, a global provider and manager of alternative investment products that also owns Randall-Reilly Publishing, publisher of CCJ.