Corporate Finance Associates Advises Spectrum Relocation Group, Inc. In The Recent Acquisition of Ten Companies
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 leading logistics company delivering integrated solutions for a variety of supply chain challenges.
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 for Spectrum Relocation Group was provided by the San Antonio Office of Corporate Finance Associates, led by Managing Directors Roy Graham and Eduardo Berdegué. When asked about the transaction, Mr. Graham commented, "it was a pleasure working with the owners of Spectrum Relocation Group to help them significantly expand their authority to transport household goods under the US DOD Personal Property Program".