CAI International acquired Hybrid Logistics and its affiliate company General Transportation Services for a combined purchase price of $12 million, a portion of which is subject to the future performance of the companies.
Headquartered in Portland, OR, the companies operate as asset-light truck brokers with a strong focus on flatbed truck and over-dimensional shipments. The companies have 68 employees in six regional offices throughout the U.S., generating combined revenues in 2015 of $46 million. Robert Thompson, a co-founder and prior shareholder of Hybrid and General Transportation, will be president of the companies.
CAI is a transportation finance and logistics company. As of March 31, 2016, CAI operated a worldwide fleet of approximately 1.2 million CEUs of containers, and owned a fleet of 5,338 railcars that it leases within North America.
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