NAVL and Allied Merger Completed

November 22, 1999

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The merger of North American Van Lines and Allied Van Lines has been completed, forming what the company says it the world's largest relocation and van line logistics operation with operations in 36 countries, over 1,100 agents, and global revenues of $2 billion annually.

The new company will be called Allied Worldwide. Its brand names will include North American Van Lines in the U.S. and Canada; Allied Van Lines in the U.S. and Canada; Pickfords in the U.K.; and Allied Pickfords in Europe, Australia, New Zealand and Asia. Headquarters will be in Ft. Wayne, IN.
A fund managed by the investment firm Clayton, Dubilier & Rice owns about 73% of Allied Worldwide. Allied's former parent, NFC plc, owns 20%, management and agents own the rest. The fund bought NAVL from Norfolk Southern in 1998.
CD&R Principal Jim Rogers is Allied Worldwide's Chairman. NAVL President and CEO R. Barry Uber will be Allied Worldwide's president and CEO. Michael Fergus, former president and CEO of Allied Van Lines, will be president of the Van Line Network, Allied Worldwide's residential relocation business.

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