NFI Acquires MCO Transport to Bolster Southeastern Port Operations
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North American supply chain solutions company NFI has acquired southeastern port service solutions provider MCO Transport Inc., the company announced Oct. 10.
NFI said the acquisition enhances its network in the southeast. The deal also bolsters its offerings to new and existing customers including expanded port solutions and export drayage services. NFI has pursued several acquisitions over the past few years.
“When we look at an acquisition we look at three things: their people, culture and if the expansion brings value to our customers,” NFI CEO Sid Brown said. “With the MCO acquisition, we are getting exactly that. We are excited to welcome the MCO team to the NFI family and know they will play a key role in the future success of NFI. The acquisition also allows us to bring value to our customers by expanding our presence in the Southeast during a time when our customers are looking to diversify their port strategy.”
MCO Transport is a family-owned business specializing in container drayage services that was established in 1976. The company is headquartered in Wilmington, N.C. It also operates a wide array of transportation and warehousing solutions including domestic truckload and specialized commodities.
NFI also gains locations in Wilmington, N.C., Norfolk, Va., Charleston, S.C., Savannah, Ga., and Atlanta.
“Throughout this process, our team wanted to ensure we found a buyer that would create opportunities for our employees and our customers. It is a culture that matched what MCO has grown to expect,” Danny McComas, owner and CEO of MCO, said. “NFI is a great fit for MCO employees because of our similar cultures — they are a family-owned business, dedicated to their employees’ growth, and have a deep commitment to their customers.”
NFI ranks No. 16 on the Transport Topics Top 100 list of the largest for-hire carriers in North America, and No. 23 on the TT Top 100 list of the largest logistics companies in North America.
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