Saddle Creek Corporation Acquires ServiceCraft Logistics
Lakeland, Fla., Saddle Creek Corporation announced today that it has acquired ServiceCraft Logistics, a third-party logistics company headquartered in Buena Park, Calif. The acquisition reflects Saddle Creek's strategic focus on bringing integrated logistics solutions to new markets and provides customers with expanded coverage and service options.
The deal provides Saddle Creek with an immediate increase in geographic coverage and industry expertise. "This is really a great acquisition for us and for the market overall," said David Lyons, Saddle Creek's founder and chairman. "In ServiceCraft we found a company with a culture that is very similar to our own, and a service area that complements our existing network extremely well. That cultural fit is already making for a smooth transition - something that we know is critical to our customers."
With this acquisition, Saddle Creek gains eight warehouse locations in the key markets of Northern and Southern California and Dallas/Fort Worth and increases its total managed square footage by more than 20 percent. The move also expands Saddle Creek's transportation offering. The company will now offer regional fleet transportation in the California markets in addition to its existing nationwide transportation brokerage service. Adding hundreds of new associates also enables Saddle Creek to expand its service offering with expertise in additional industries.
"Our ability to grow organically and through acquisition during these tough economic times is a testament, not only to the success of our integrated logistics approach, but also to the hard work and dedication of all of our associates, including our newest ones from ServiceCraft," said Cliff Otto, president of Saddle Creek. "We have been in this business for more than 40 years and have a strong history of year- on- year growth. It proves that if you have the right people providing great service with a 'whatever it takes' attitude, companies can prosper under any set of economic circumstances."
With these new locations, transportation offerings and added expertise, Saddle Creek is looking forward to the future. "We see this as a great opportunity for continued growth, both in new markets and in new industries," said Otto. "At a time when a lot of companies are looking to gain better control over their supply chain, we can now bring even more solutions to the table."
