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American Expediting Acquires Crosstown, Inc.

May 03, 2022•about 3 years ago

Acquiring Company

American Expediting

Acquired Company

Crosstown

Description

American Expediting is pleased to announce that it has officially acquired Crosstown, Inc. as part of the company's strategic growth plan to provide new and existing customers with nationwide coverage. The acquisition of Crosstown will further strengthen the company's network in the Tennessee Valley Region through their 27 years of demonstrated experience there.

Company Information

Company

American Expediting

About

American Expediting provides expert and highly specialized services from cold-chain logistics to urgent same-day ground transport for its life science partners. Leading with confidence and precision, American Expediting is recognized as the premier North American provider of specialty transport, logistics, storage, and distribution solutions due to its hard-earned reputation for best-in-class and on-time performance. More information about American Expediting is available online at www.americanexpediting.com SOURCE American Expediting

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed