AUBURN HILLS, Mich., Dec. 29 -- syncreon, a specialized provider of integrated logistics services and highly customizedsupply chain solutions to global industries, announced today it has acquired NAL Worldwide Holdings, Inc. The terms of the transaction are not being disclosed.
NAL Worldwide had revenues of US$75 million in 2009 and had been majority owned by Chicago based private equity firm Lake Capital. Brian Enright, President & CEO of syncreon, said, "We are very pleased with this transaction. NAL considerably adds to our capabilities in the key US market and brings us access to new sectors, customers, capabilities and human talent. This acquisition builds upon syncreon's core differentiator - flexible and customized solutions for our customers."
syncreon is a global contract logistics and supply chain management company that uses its asset-light business model to provide specialized transportation, inbound, outbound, and fulfillment logistics services. These services are fully integrated into their customers' supply chain and final end-client delivery. syncreon is the name given to the new merged company, following Walsh Western International's acquisition of TDS Logistics in March 2007. syncreon is a global business with its operational HQ in Auburn Hills, MI. syncreon has activities in 20 countries, with over 50 facilities and approximately 9,000 employees. syncreon is owned by Irish businessmen Michael & Brian Enright and New York based private equity firm, GenNx360 Capital Partners. For more information please visit, www.syncreon.com.
About NAL Worldwide Holdings
NAL is a third-party logistics (3PL) and supply chain services company. NAL designs and implements supply chain solutions for companies in the communications, high-technology, healthcare, and retail industries. It offers life cycle management, configuration/postponement, event driven fulfillment, regional warehousing and distribution, and transportation management solutions. For more information please visit, www.nalworldwide.com.
About GenNx360 Capital Partners
GenNx360 Capital Partners is committed to delivering superior returns to investors in all its portfolio companies. The firm acquires companies with proven and sustainable business models in expanding industries and implements the required operating changes to deliver cost efficiencies and accelerated growth opportunities. The firm's proven business methodology is based on more than 100 years of partner experience successfully running global businesses. For more information please visit, www.gennx360.com. GenNx360 has been an investor in syncreon since March 2009.
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