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Corporate Finance Associates Advises Spectrum Relocation Group, Inc. in the Acquisition of Ten Companies

CFA Exclusive Advisor to Spectrum Relocation Group, Inc.

Spectrum Relocation Group TombstoneLos Angeles, CA – August 29, 2018 – Corporate Finance Associates (CFA) a leading middle-market mergers and acquisitions firm, announced it initiated and acted as the exclusive financial advisor to Spectrum Relocation Group, Inc. in its recent acquisition of ten subsidiary companies from the Albert Companies, Inc.

Spectrum Relocation Group, Inc., through its wholly-owned subsidiaries, provides domestic and international relocation services for residential, commercial, industrial, government, and military customers. Headquartered in El Paso, Texas, Spectrum has moving and storage service centers throughout Texas – Austin, El Paso, Killeen, San Antonio and Waco – plus international forwarding offices in Miami, Florida and St. Louis, Missouri.

Albert Companies, Inc. is a Delaware corporation owned by its ultimate parent company, ArcBest Corporation (ARCB: NASDAQ). ArcBest® is a diverse logistics company with a service network that spans the globe.

Transaction Information

Terms of the transaction were not disclosed. Companies acquired in the transaction included; (i) Albert Container Concepts, L.C., a Texas limited liability company, (ii) American Intercoastal Movers, Inc., a Nebraska corporation, (iii) Albert Furniture Co., (iv) Andrews Forwarders, Inc., a Nebraska corporation, (v) Andrews Van Lines, Inc., a Nebraska corporation, (vi) Beck Forwarding Company, Inc., a Texas corporation, (vii) Clark Forwarders, Inc., a Virginia corporation, (viii) James Forwarding Company, Inc., a Texas corporation, (ix) Jason Forwarding Company, Inc., a Texas corporation, and (x) Midwest Moving & Packing, Inc., a Nebraska corporation.

Financial representation was provided by Roy Graham and Eduardo Berdegué, CFA Managing Directors based in San Antonio, Texas.

About Corporate Finance Associates

Corporate Finance Associates is a major investment banking services firm, with offices across North America and India and partner offices in Asia, South Africa and throughout Europe providing middle-market companies with a wide range of merger and acquisition advisory services and access to capital resources. From project inception to completion, a senior principal advises through every challenge; advocates on a client’s behalf; and leverages CFA's experience and extensive resources. More information is available via the Internet at www.corporatefinanceassociates.com.

Media Contact:
Corporate Finance Associates
Kim Levin
949.305.6710