Cedar Rapids, Iowa News, Sports, and Weather
CRST Buys Cincinnati Short Haul Trucking Company
By George Ford, Reporter
CEDAR RAPIDS, Iowa - CRST International has purchased BESL Transfer Co., a privately owned Cincinnati, Ohio-based short haul flatbed trucking company.
Dave Rusch, President and CEO of CRST International, said the purchase of BESL Transfer complements CRST Malone, which CRST International acquired in 1984. Both companies serve customers in the construction trade, steel and aluminum markets.
CRST funded the purchase through existing cash reserves, allowing the company to remain debt-free.
Rusch said CRST, which is comprised of six specialized niche transportation companies, is always searching for companies to add to its portfolio that offer services that allow it to expand its capabilities with customers.
"The acquisition of BESL Transfer further complements our flatbed transportation services by offering premiere, short haul dedicated services," Rusch said. "We are thrilled to be working with the Dehan family on this acquisition and look forward to expanding the service offerings to BESL and CRST customers going forward."
CRST International is one of the largest specialized trucking companies in the nation with 2013 revenues projected to exceed $1.3 billion. It employs more than 4,400 company drivers and office personnel, and an additional 2,500 independent contractors.
Over the past two years, CRST has acquired Specialized Transportation Inc. and Allied Special Products (the specialized division of North American Van Lines), as well as launching a temperature-controlled team service offering.