Allied’s Purchase Illustrates Mover Consolidation
Allied Worldwide plans to fatten its portfolio of subsidiaries with the acquisition of financially troubled Global Van Lines — a move that will further a trend of consolidation within the moving industry.
Allied Worldwide was formed last year with the $450 million merger of North American Van Lines and Allied Van Lines. It is the second-largest moving conglomerate behind UniGroup Inc., whose divisions include United Van Lines and Mayflower Transit.
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At least one other carrier, Wheaton World-Wide of Indianapolis, made a bid for Global, which had solicited offers from at least 12 other movers. The offers were received as part of a financial reorganization under Chapter 11, which Global filed in January before the U.S. Bankruptcy Court.
A spokesman for Global said the offers from Allied and Wheaton were similar, but that a majority of Global agents chose to deal with Allied.
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