HICKORY, N.C. – Two vital specialised furnishings carriers got here collectively Wednesday when Brooks Furnishings Xpress closed on the acquisition of Mississippi Furnishings Xpress. Phrases of the transaction weren’t disclosed.
The acquisition brings collectively two longstanding truck carriers specializing within the cargo of furnishings and marks one other territory growth for BFX. A number of years in the past, BFX primarily shipped to Georgia and Florida, and it had expanded that since to incorporate Missouri, Kansas, Colorado and Utah. The MFX acquisition grows the BFX service space within the Southeast to incorporate Alabama, Arkansas, Kentucky, Louisiana, Mississippi and Tennessee in addition to Oklahoma.
Greg Skoog, CEO and proprietor of MFX, will keep on indefinitely to help with the transition. Brooks will even preserve 95% of the MFX employees, working them into the roles they carried out at MFX. All enterprise ahead will function below the Brooks Furnishings Xpress title.
BFX President and Proprietor Anthony Brooks views the acquisition as a possibility to mix like-minded corporations with appropriate household atmospheres and repair approaches.
As well as, BFX will provide extra expertise and visibility to its new buyer base than earlier than. The corporate has labored to include applied sciences which might be acknowledged as excellent amongst specialised furnishings carriers.
An excellent instance is BFX’s “Comply with My Truck” expertise, which launched its second section final 12 months. This system permits retailers to observe the progress of their LTL cargo on-line or by way of cellular app, offering a two-hour supply window along with visibility on what cease the motive force is on, the place the motive force is positioned and what number of stops away from the client’s location they’re.
The acquisition additionally offers BFX a big enhance in capability. Previous to the deal, Brooks had 110 vehicles, as many drivers and 398 trailers. MFX brings that to 160 vehicles and drivers, together with 760 trailers.
Bringing on MFX drivers “is including drivers, vehicles and trailers that can assist the capability points we’re experiencing in North Carolina,” Brooks mentioned.
The acquisition additionally brings MFX’s close by Hildebrand, N.C., warehouse into the BFX operation for the second vital footprint growth up to now 90 days.
“We did have a 35,000-square-foot facility in Hickory, and we opened a second warehouse there in June,” Brooks mentioned. “With the MFX warehouse, we now have 88,000 sq. ft of area.”
Latest years have seen various acquisitions within the specialised furnishings service enviornment as corporations seemed to consolidate forces for LTL within the face of driver shortages and enter or broaden within the final-mile hyperlink.
American West, for instance, has expanded considerably by way of natural development and acquisitions. In March, 2020, it acquired white-glove service Revolutionary Ship Methods. In October the prior 12 months, American West bought Solar Supply, which added Solar’s ultimate mile community serviced out of Thomasville, N.C., Dallas and Las Vegas to AmWest’s current full-truckload, LTL and white-glove residence supply companies, and acquired specialised service Milwaukee Supply Service in January 2018.
It additionally was a giant 12 months in 2016 for specialised service consolidation. In June that 12 months, for example, truckload, intermodal and logistics companies supplier Schneider, a $4 billion firm, concurrently acquired furnishings service Watkins & Shepard and last-mile logistics supplier Lodeso. Additionally in 2016, Sunbelt Xpress, a number one transportation supplier to the house furnishings trade, acquired Northwest Furnishings Specific.