For Immediate Release
Air Road Express, Inc.
Reliant Equity Investors, LLC
Leading Third Party Logistics Company
purchased by former Wal-Mart Supply Chain Management
AUGUST 20, 2003 (INDIANAPOLIS, INDIANA) - Air
Road Express (Air Road), a leading provider of outsourced
Supply Chain Management and time definite transportation
services based in Indianapolis, has been acquired by
Steve Robinson, a former Vice President of Logistics
for Wal-Mart, and Reliant Equity Investors, a Chicago
based private equity firm. The new company will operate
under the name of Air Road Logistics, and will continue
to be based from its current headquarters in Indianapolis.
Air Road offers supply chain solutions including air
and ground-based freight expediting, full truck load
transportation, warehousing, distribution, inventory
management, outsourced transportation management, and
third party vendor-managed inventory (VMI). Air Road
specializes in exclusive NAFTA-oriented LTL consolidations
from origin points in the East and Midwest to every
major border crossing gateway into Mexico. Today Air
Road primarily services the Automotive & Industrial,
Retail, Consumer Electronics and Consumer Packaged Goods
"We sought to acquire a leading logistics firm,
with a broad range of services, a track record of profitable
growth, and a loyal customer base," said Roy Roberts,
Managing Director of Reliant Equity Investors and former
Group Vice President of General Motors. "Air Road
was an ideal fit. We are delighted to announce this
acquisition, committed to funding the company's growth,
and very excited about Air Road's future."
The Air Road management team will retain the talented
executives who have built Air Road, while supplementing
it with additional outside leadership. Heading the new
company will be President and CEO Steve Robinson, former
Vice President of Supply Chain Management and Global
Logistics for Wal-Mart. Robinson is a well-known industry
veteran, with over 25 years experience running operations
for i2 Technologies, CNF, UPS, and Roadway. Joining
him as President of the Logistics Group will be Frank
Lapierre, former Chief Operating Officer of 3PL Copera,
and co-founder of Mitsui USA. Other new executives include
Senior Vice President of Sales Thomas C. Donovan, former
Sales VP for APL Logistics; Chief Technology Officer
Ganesan Ramanathan, former Senior Director of Core Technologies
for Siebel; Director of Distribution Heinz Ahlborn,
former Chief Solutions Design Engineer with SwissLog;
and Automotive Sales Director Larry Gordon, former National
Automotive Account Executive with CF Motor Freight.
"Our vision is to expand our services and geographies
for Air Road's customers, so that we can deliver leading-edge,
fully-integrated supply chain solutions while maintaining
Air Road's reputation for high service quality,"
This new team complements the current management strength
of Air Road. Dan Frieden will continue to serve as President
of Ground Transportation, drawing on his track record
as President of Greyhound Southern and President of
Zipp Express. Ernie Krebs will continue as CFO, leveraging
his experience as CFO of Zipp Express. Charlie Geyer
will remain Senior Vice President of Logistics Operations.
Jim McCrary will continue as Vice President of Regional
Sales. The full team will remain intact.
"Our new company will boast a combination of over
150 years of combined supply chain operating experience
and world class know-how rarely found in the current
world of transactional outsourced logistics," said
"The game has changed for 3PLs," said Robinson.
"As industry consolidation continues, the commoditized
logistics providers of the past are being replaced by
truly integrated supply chain partners. With our technological
expertise, operational excellence, and industry best
practices, Air Road can lead the way in differentiating
solid supply chain management from really good logistics.
We look forward to providing our customers with both
types of leading-edge solutions in the years to come."
BG Strategic Advisors arranged the transaction between
the two parties.
About Air Road Express
Air Road Express was founded in 1989 and offers supply
chain solutions including air and ground-based freight
expediting, full truck load transportation, warehousing,
distribution, inventory management, outsourced transportation
management, and third party vendor-managed inventory
(VMI). The Company also offers a variety of premium,
time definite transportation services. Air Road Express'
customer base includes a growing roster of Fortune 500
companies in numerous industries, including automotive
and industrial, retail, consumer electronics, and consumer
packaged goods. For more information on Air Road Express,
About Reliant Equity Investors
Reliant Equity Investors, LLC, is a Chicago-based private
equity firm that focuses on buyouts and later-stage
growth oriented investment opportunities. A key attribute
of its strategy is to partner with world-class executives
and jointly pursue investment opportunities in targeted
industry sectors. Reliant's principals draw on 25 years
of private equity investing experience and 57 years
of operating experience.
About BG Strategic Advisors
BG Strategic Advisors is an investment banking and strategy
consulting firm focused on the supply chain market.
The firm draws on the industry expertise of its Managing
Director, Benjamin Gordon. Clients include top-tier
companies from Wall Street, private equity, and the
logistics industry. For more information on BG Strategic
Advisors, visit www.BGStrategicAdvisors.com.