Universal Logistics Holdings, Inc. has announced its acquisition of Specialized Rail Service, Inc. (SRS). SRS offers local and regional intermodal drayage services, as well as transloading, cross-docking, warehousing and distribution, and intermodal facility management. The facilities are located in Clearfield, Utah and Las Vegas, Nevada, United States.
SRS’ fleet has over 140 tractors and provides capacity to much of the western United States. Utilising a mix of both company-owned and owner-operator provided tractors, SRS provides flexible logistic solutions for a variety of customer needs.
“Specialized Rail Service fits nicely in our acquisition strategy and provides us an excellent platform for further expansion in the western United States”, stated Universal’s Chief Executive Officer, Jeff Rogers.
The purchase price was $12.3m. Following the acquisition, SRS will operate as part of Universal Intermodal, Inc.
Source: Universal Logistics Holdings, Inc
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