MRH Holdings, West Lafayette, Ind., plans to spend between $1 billion and $1.5 billion on transportation-related acquisitions. MRH has partnered with Arcapita Bank B.S.C., an international investment firm, to build a diversified transportation holding company.
"We are pleased to have Arcapita as our financial sponsor for purposes of pursuing an acquisition strategy of transportation and transportation related businesses in the truck, rail and marine modes of transportation," said Mark R. Holden, president and CEO. "We have assembled a very strong and talented management team with extensive transportation experience and a long track record of creating value in the transportation space."
The U.S. transportation market approximated $770 billion in revenue during 2007 and is projected to nearly double in size over the next 10 years. According to Rich Mitchell, chief financial officer, "We believe the opportunity to provide solutions to shippers of freight continues to grow not only due to industry growth but also due to the inherent capacity constraints within the various modes of transportation, particularly in truck and rail. In addition, we believe that the current transportation industry fundamentals will facilitate success in pursuing our acquisition strategy."
"We are pleased to have Arcapita as our financial sponsor for purposes of pursuing an acquisition strategy of transportation and transportation related businesses in the truck, rail and marine modes of transportation," said Mark R. Holden, president and CEO. "We have assembled a very strong and talented management team with extensive transportation experience and a long track record of creating value in the transportation space."
The U.S. transportation market approximated $770 billion in revenue during 2007 and is projected to nearly double in size over the next 10 years. According to Rich Mitchell, chief financial officer, "We believe the opportunity to provide solutions to shippers of freight continues to grow not only due to industry growth but also due to the inherent capacity constraints within the various modes of transportation, particularly in truck and rail. In addition, we believe that the current transportation industry fundamentals will facilitate success in pursuing our acquisition strategy."
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