Washington, D.C., February 2010
Thayer | Hidden Creek announces its investment in Group Transportation Services (“GTS”) to support the acquisition of Alpha Freight Systems, Inc. (“Alpha”). Based in Stow, OH (approximately 5 miles from GTS headquarters) Alpha provides its primarily Ohio-based customers a variety of services including truckload (“TL”), partial truckload, less-than-truckload (“LTL”), flatbed, rail, air, and international transportation services. Alpha has established strong, long-term relationships with its customers by providing excellent customer service, highly competitive rates, and creative solutions to their logistics problems.
The Alpha transaction represents an attractive acquisition opportunity for GTS based upon the following:
- Highly accretive and synergistic acquisition that will be seamlessly integrated into GTS’ operations due to its non-asset based business model
- Alpha brings additional business with a diverse customer base and provides GTS with increased capabilities in TL, flatbed, air, rail and international transportation.
- Alpha is capable of marketing GTS’ full outsourced TMS to new and existing customers interested in outsourcing repetitive and non-core transportation and logistics functions to a specialized third-party provider.