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TRUCKING INDUSTRY NEWS * USA - Transport exec is revving up new venture
MRH is targeting transportation companies -- typically those with $100 million to $200 million in annual revenue -- that are distressed, underperforming or may have matured to slower growth...
Indianapolis,IND,USA -The Indianapolis Star, by Daniel Lee -August 11, 2008: -- If you talk to Mark Holden for any length of time, two topics are likely to come up: business and basketball... The former Indiana high school hoopster built his career in the transportation industry as a top executive at Wabash National, a Lafayette truck-trailer maker, and later as chief executive of American Commercial Lines, a Jeffersonville barge maker and operator... His new venture, MRH Holdings, is teaming with Bahrain-based investment firm Arcapita to build a diversified transportation company... The goal is to do $1 billion to $1.5 billion in acquisitions in the coming years of truck, rail and marine transport businesses... The new venture is looking to buy cargo haulers, as well as other transportation businesses such as manufacturers, parts distributors and companies that provide maintenance and lease equipment... Transportation companies have struggled with a sluggish economy and high fuel prices....
Labels: trucking industry news USA
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