Corporate Auto Transport Merger and acquisition

By: Delba Media
 
 
PORTLAND, Ore. - Feb. 3, 2015 - PRLog -- Corporate Auto Transport, Alloy Auto Transport and Umbar Auto Transport today announced that the companies have merged, creating a powerful Auto Transport company focused on 5 star quality customer service and a superb auto transport experience for every customer. The 3 companies will come together under the name Corporate Auto Transport INC. The transaction combines the strength of 3 market leaders with globally recognized auto transport brands. Corporate auto transport has 7 employees and moves 2400+ cars a year and has $475,000+ in annual sales. Alloy auto transport has 7 employees moves 3000+ cars a year and has $700,000 in annual sales. Umbar Auto transport has 12 employees moves 5500 cars a year and has $1,500,000 in annual sales. In addition to the 3 companies merging they are also announcing the purchase of Car Transport World Inc. Car Transport World Inc has 23 employees moves 15,000+ cars a year and has annual sales revenue of $3,000,000+. The new company is well positioned to further accelerate the number of cars shipped annually. With the completion of the 3 company merger and buyout of Car Transport World Inc this will put Corporate Auto Transport Inc in the position of moving 26,000+ cars a year and annual sales of $5,675,000+.

The new Corporate Auto Transport Inc will keep all the employees from the merged companies and 12 of the car transport world employees bringing the total amount of employees to 38. Ryan Neyer will retain his role as President of Corporate Auto transport INC and Jim Clark president of Umbar auto transport will become Vice President of Corporate Auto Transport INC.

When Ryan Neyer was asked by Delba Media how he felt about the buyout and merger this is what he had to say: "I was very excited when we had the chance to purchase Car Transport World but I knew that we couldn't do it alone. The 3 company merger gave us the financial backing to purchase a larger sized company like Car Transport World that alone we would not have been able to complete a purchase of this size. I am very proud of what all 4 of these companies have accomplished on their own and am excited to lead the way in the future. This really does cement us as one of the top auto transport companies in the nation and provides financial stability for our company and its employees."

http://www.corporateautotransport.com

About us:

Corporate Auto Transport has more than 25 years of combined experience in the transport industry. We are based in the Portland, OR metropolitan area and specialize in serving clients Nationwide with their vehicle transport needs. We specialize in Door to Door, fully insured, Domestic transport Service and transport services to and from HI and AK as well.

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Tags:Company Merger and acquisition, Auto Transport, Vehicle Tranpsort Company, Car Shipping
Industry:Automotive, Transportation
Location:Portland - Oregon - United States
Subject:Mergers
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