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syncreon Acquires NAL Worldwide Holdings Inc.
syncreon, a specialized provider of integrated logistics services and highly customized supply chain solutions to global industries, announced today it has acquired NAL Worldwide Holdings, Inc. A portion of the acquisition was funded with proceeds from an additional investment by one of syncreon's shareholders, GenNx360 Capital Partners. The terms of the transaction are not being disclosed.
Addison, IL-based NAL is a third-party logistics (3PL) and supply chain services company providing solutions to the telecommunications, retail, hi-tech and healthcare industries. The transaction provides syncreon 6 additional US facilities, a national network of 150 service providers and more than 550 people. In addition, this transaction strengthens syncreon's service offering and expands end markets served to include telecommunications and retail.
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".
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 visit www.nalworldwide.com
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 Internationalâ€™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.
About GenNx360 Capital Partners
GenNx360 Capital Partners is a private equity 3.0 firm that applies leading operational expertise and investment discipline to successfully buy, guide, grow and sell industrial B2B companies, generate superior returns and preserve capital regardless of market cycles.