Transportation and Logistics Systems (TLSS) Acquires Assets of GRC Trucking, Inc.

February 21, 2020

Transportation and Logistics Systems, Inc. (TLSS) entered into an agreement to acquire substantially all assets of GRC Trucking, Inc., a 30-year intermodal logistics and drayage provider based in Kearney, New Jersey. The asset purchase (to be paid in TLSS common stock) is intended to expand TLSS' intermodal, import/export and drayage capabilities and realize operating-synergies with its PrimeEFS and ShypDirect hubs in New Jersey.

Buyers
Transportation and Logistics Systems, Inc. (TLSS)
Targets
GRC Trucking, Inc.
Sellers
GRC Trucking, Inc.
Location
New Jersey, United States
Transaction Type
Buyout

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