NAL Worldwide LLC announced the signing of a definitive agreement to acquire the SIRVA’ Logistics business assets from North American Van Lines, Inc., a subsidiary of SIRVA, Inc. The SIRVA Logistics business will be renamed NAL Worldwide LLC when the transaction is expected to close by July 31. Lake Capital Partners LP, a private equity firm that invests in and supports growth strategies of service-based businesses, has allocated capital to expand NAL Worldwide’s presence and capabilities.
While NAL Worldwide’s name is different, it is not new, and neither is the business it is acquiring. SIRVA Logistics, formerly known as the solutions segment of North American Logistics, and its associates have been providing value-added supply chain services to Fortune 100 and other leading companies since 1988. NAL Worldwide has a deep heritage and will have a strong portfolio of inventory management and value-added services, delivered by an experienced force of more than 600 associates. NAL Worldwide will have its operational headquarters in Fort Wayne, IN, corporate headquarters in Westmont, IL, and facilities across the US.
SIRVA Logistics has created and executed customized solutions on behalf of its clients to address a wide array of supply chain challenges. Representative solutions include:
- The branding conversion of 10,000 US retail stores to a new brand identity as a result of a sizable merger. The result was the automation of 70% of the workflow transactions, saving thousands of manager hours, facilitating timely execution of the conversion and enabling the client to reduce total supply chain cost by 50% versus traditional store remodeling processes.
- The design and execution of an inventory in-transit merge program focused on ensuring the on-time delivery of telecommunications equipment and components from multiple vendors to cellular sites across the nation. Today, more than 17,000 sites are handled annually for the telecommunications industry.
- The operational reinvention of a 170-person call center providing emergency high-tech parts location and dispatch. The result was increasing service levels and enabling this technology client to meet 40 percent increased volumes with approximately half the original head count.
‘We are proud of our reputation as an innovator in supply chain services with the processes, technology and executional experience that proactively help clients with business-transforming results,’ said Doug Christensen, president of SIRVA Logistics, who will continue as president of NAL Worldwide. ‘We’re looking forward to Lake Capital’s financial and operational support as we expand and enhance our ability to create customized solutions for our clients’ complex supply chain needs.’