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.
- Industry
- Logistics & Distribution
- Location
- New Jersey, United States
- Transaction Type
- Buyout
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