Chicago-area-based Best Dedicated Solutions (BDS) has been acquired by STG Logistics, the companies announced Monday. Terms of the deal were not disclosed.
With the acquisition, STG adds expedited, dry van, temperature control and flatbed OTR transportation solutions to complement its existing intermodal, drayage and facility-based containerized logistics services, including the nation’s largest network of container freight station and transload facilities.
“The acquisition of BDS provides us with the ability to offer customers a complete containerized logistics solution, allowing us to move freight via our own domestic intermodal containers or via an OTR solution – whichever is optimal for the customer," said STG CEO Paul Svindland.
Danny Esplin will continue to lead the business as STG’s senior vice president of Truck Brokerage and as a key member of STG’s executive leadership team based in BDS’s existing office in the Chicago area.
"Joining STG will allow us to offer additional asset-based solutions to existing customers, but also provide a key component of STG’s vision to provide a truly vertically integrated port-to-door solution to customers," Esplin said. "We couldn’t be more excited about the opportunities to grow together and our fit with STG.”
STG President and COO Geoff Anderman lauded Best Dedicated Solutions' "strong, service-oriented culture and a scalable platform that is highly complementary to STG’s existing services and capacity. We are excited to welcome them to STG and look forward to continuing to support shippers leveraging our combined capabilities going forward.”
STG, a portfolio company of Wind Point Partners and Oaktree Capital Management, is a provider of facilities-based containerized logistics services including asset-based intermodal transportation, container deconsolidation, reconsolidation, transloading, warehousing, and transportation solutions including final mile delivery. STG operates a nationwide network comprised of 70 locations, totaling more than five million square feet, 15,000 intermodal containers, 6,000 chassis and nearly 3,000 tractors providing port and rail drayage services. STG is