Ben Bauman, owner and CEO of Bolt Express
, acquired Strike Logistics
and formed Bolt Holdings, a shared services model that will provide back office support to Bauman's two operating groups, Bolt Express and the newly acquired Strike Logistics.
Strike Logistics provides freight brokerage services throughout the US, Canada and Mexico. Strike services include TL, LTL, flatbed and intermodal. Bolt Express offers services including ground expedite, air charter and air freight forwarding. Bolt has realized 270% growth during the past two years.
"Our processes and systems have been engineered so we have the option of running a newly acquired company independently, or we can quickly integrate it in to one of the existing operating groups," says Bauman. "This type of flexibility supports our aggressive plans for growth."
Headquartered in Toledo, Ohio, Bolt Express was founded in 2001. The executive management team and all back office support personnel have relocated to the new Bolt Holdings headquarters in Sylvania, Ohio.