BCB Transport, a safety-focused dry van, refrigerated and non-asset-based logistics company providing high performance service to Fortune 500 customers, today announced that that it has completed the sale of 100% of the Company to CRST.
Privately held, BCB Transport was built with the goal of empowering its team members through collaboration and open communication. Born from the company’s mission to: Be Safe, Communicate, and if you can, Be On-Time, BCB has achieved impressive growth over the past 12 years, strategically operating a flexible asset and asset light capacity model in one of the nation’s densest transportation corridors.
“In CRST, we’ve found the perfect match for our business. A team that shares our commitment to safety first, customer service, and empowering all team members aligns with the principles we defined when we started BCB,” said Rick Larkin, BCB Co-Founder. “We are excited to take this next step and formally bring our teams together.”
“We are thrilled to have BCB join Team CRST. With an impeccable track record for performance and data driven mindset, BCB will complement CRST’s Capacity Solutions business allowing us to find more ways to maximize our capacity and provide unlimited solutions for customers,” said Hugh Ekberg, CRST President and CEO. “In addition to operational excellence, BCB’s industry leading safety efforts align perfectly with CRST’s culture that keeps safety at the core of all we do.”
“We are pleased that we could assist BCB Transport achieve their strategic and financial goals,” said Ramon Suazo, Managing Director of Bengur Bryan.
Bengur Bryan & Co., Inc. served as the exclusive financial advisor to BCB Transport.
Klenda Austerman LLC served as legal advisor to BCB Transport.
Bengur Bryan & Co., Inc., a leading investment banking firm, is pleased to announce that Cargo Logistics Group closed on its sale to Magnate Worldwide.
Bengur Bryan served as the exclusive financial advisor to Cargo Logistics Group, a Columbia, Maryland-based company with decades of experience providing innovative and proven international and domestic mission-critical logistics solutions to businesses throughout the world, including export, import, truckloads, air freight, project distribution, ocean and other services all through their webtrak portal technology.
“We are proud to have worked with the Cargo Logistics’ team on this transaction. David Cook has built an outstanding company that is focused on providing top-tier global freight forwarding and other logistics services to its clients. As part of the Magnate Worldwide family, Cargo Logistics brings its expertise to a larger platform that will allow it to provide expanded services to existing clientele while expanding Magnate’s service offering to its own client base,” said Scott Bass, Managing Director of Bengur Bryan & Co., Inc.
Magnate’s acquisition of Cargo Logistics Group furthers Magnate’s strategic plans for growing value-added, mission-critical services. Cargo Logistics will become part of Magnate’s Masterpiece International business segment (which provides customs brokerage and international logistics services through 17 offices located in major international shipping hubs throughout the U.S.) and expand its footprint, adding a direct presence in the Baltimore and Washington, DC areas.
“We enjoyed working with the Bengur Bryan team. Their expert guidance throughout the entire process resulted in finding a great new home for Cargo Logistics and our entire team,” said David Cook, Founder and CEO of Cargo Logistics Group. “I would highly recommend Bengur Bryan to other business owners looking for expert transaction advice; their focus on my goals for Cargo Logistics’ next phase made for a smooth process, and they exceeded my expectations.”