Radiant Logistics acquires ALBS Logistics
Radiant Logistics has announced it has acquired ALBS Logistics, a New York based, privately held company that provides a full range of domestic and international transportation and logistics services across North America.
Founded in 1997, ALBS services a diversified account base including manufacturers, distributors and retailers from its strategic international gateway location at the New York-JFK airport. ALBS will operate as Radiant’s international gateway at the JFK airport supporting its company-owned and agency locations across North America and internationally.
Based on historic financial statements provided by its management, ALBS generated approximately $20.0m in revenues for the twelve months ended August 31, 2011.
“We are proud to announce our partnership with Arthur Lih, Bob Sweet and the entire JFK team,” remarked Radiant’s Founder and CEO, Bohn Crain. “The ALBS organization is well known within our industry as one of the best performing operators in the market and we are very excited to have them choose us as their partner. We have purposefully positioned ourselves to bring value to logistics entrepreneurs like Arthur and Bob and believe that the ALBS transaction is representative of the broader pipeline of opportunities available to us in the marketplace.”