STG Logistics said Monday it has acquired Best Dedicated Solutions (BDS), an over-the-road carrier that operates multiple services, in a move that expands STG’s surface transportation offerings. Terms of the transaction weren’t disclosed.
With the acquisition of BDS, STG will add expedited, dry van, temperature-controlled and flatbed OTR transportation services to enrich its existing intermodal, drayage and facility-based containerized logistics services, including the nation’s largest network of container freight station and transload facilities.
Danny Esplin will proceed to guide the BDS business as STG’s senior vp of truck brokerage and can join STG’s executive leadership team based in BDS’s existing office within the Chicago area.
Paul Svindland, CEO of Bensenville, Unwell.-based STG, said the acquisition “provides us with the flexibility to supply customers an entire containerized logistics solution, allowing us to maneuver freight via our own domestic intermodal containers or via an OTR solution — whichever is perfect for the client.”
“Now we have gotten to know BDS and their team over a while and are extremely enthusiastic about this acquisition,” commented Geoff Anderman, president and COO of STG. “They’ve built a robust, service-oriented culture and a scalable platform that is very complementary to STG’s existing services and capability.”
Esplin stated, “Joining STG will allow us to supply additional asset-based solutions to existing customers, but additionally provide a key component of STG’s vision to supply a very vertically integrated port-to-door solution to customers.
Founded in 1985 as St. George Logistics, STG has made 14 acquisitions since 2016. Its most distinguished was the acquisition of XPO’s (NYSE: XPO) intermodal business in March 2022 for $710 million in money.
STG operates a nationwide network comprising 70 locations totaling greater than 5 million square feet, 15,000 intermodal containers, 6,000 chassis and nearly 3,000 tractors providing port and rail drayage services. STG is a portfolio company of Wind Point Partners and Oaktree Capital Management.
Way forward for Supply Chain
JUNE 21-22, 2023 • CLEVELAND, OH • IN-PERSON EVENT
The best minds within the transportation, logistics and provide chain industries will share insights, predict future trends and showcase emerging technology the FreightWaves way–with engaging discussions, rapid-fire demos, interactive sponsor kiosks and more.
