Becker Logistics Acquires Trek Freight Services
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Becker Logistics has acquired third-party logistics company Trek Freight Services, it was announced March 28.
The Glendale Heights, Ill.-based third-party logistics company said the acquisition became effective Dec. 31. Trek, in Lincolnwood, Ill., gives Becker an additional 125 customers, over 25,000 carriers, 35 employees and a proprietary transportation management system.
“Having a dual approach of not only growing organically, but nonorganic growth is part of the game plan for the next eight years,” Becker Logistics CEO Jim Becker said. “Along this journey, we can service our customers more by merging with other entities that have a wealth of knowledge, education and awareness in the industry already.”
Becker also noted this is his company’s second acquisition. The first was Savage Logistics in 2017. He added that Becker has 160 employees and plans to add 100 by the end of the year. His goal is to hit $1.8 billion in top-line revenue by 2030. Becker Logistics grew organically and nonorganically by 130% year-over-year in 2021. Total top-line revenue was $167.2 million.
“We knew we had to grow our company, but with the resources we had, our age and stage in life, we knew it was going to take far too long,” said John Andreotti, former chief operating officer and principal at Trek Freight. “We wanted to merge with a company that would not only keep our employees, but would offer an opportunity to catapult their careers.” — Transport Topics
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