Cardinal Logistics Buys NRX
Logistics
January 22, 2021
Cardinal
Logistics Management Corporation has acquired last-mile delivery specialist NRX
Logistics.
The deal nearly doubles the number of final-mile deliveries that Cardinal will
handle annually – from 550,000 to 1.1 million – and substantially upgrades its
delivery proficiency in the furniture, appliance, bedding, and exercise
equipment categories.
“This acquisition is part of Cardinal’s growing commitment to serving the
last-mile space and providing the marketplace with a full-service delivery
alternative for every type of big and bulky product,” said Cardinal Chairman Vin
McLoughlin. “In addition to complementing the kinds of heavy goods we already
deliver, it significantly expands our ability to perform complex last-mile
services like white glove, product assembly, and installation, all of which are
must-haves for many online retailers.”
Established
in 1989, NRX is best known for making high-quality, high-touch deliveries for
leading furniture, appliance, bedding, and fitness retailers in major markets
throughout the United States. Prior to the acquisition it reported $35 million
in annual revenues.
“All of us at NRX are looking forward to being part of Cardinal. We share a
common philosophy of running a business, including making sure that we’re an
agile, hands-on, and highly responsive partner for every client we serve, and a
commitment to putting every client’s last mile first,” said NRX President Geoff
Chasin, who will remain on board along with the rest of the NRX leadership team.
McLoughlin agreed: “We’ve admired NRX’s service record and customer focus for a
long time, and believe its capabilities are an ideal fit for both our company
and last-mile business. We’re looking forward to combining our two companies’
final-mile capabilities with Cardinal’s national scale to offer shippers a more
well-rounded, national residential delivery option.” |