Navl sold to Pepsico; Allied stockholders approved
a plan to reorganize the company from a non-profit venture to a standard business
CDR founded. 1984
NAVL divested. 1985 Maxfield sold NAVL to Norfolk Southern for $369
million. 1988 Allied stockholders agreed to a $100 million
acquisition by NFC of the United Kingdom. 1994
NAVL merged into Transtar Services 1998
Clayton, Dubilier & Rice on Jan. 12 signed a definitive agreement to acquire
North American Van Lines from Norfolk Southern Corp. for more than $200
million; SIRVA merger of Allied and North American; Interstate Van Lines purchased
Global Van Lines. 1999
Merger of North American Van Lines and Allied Van Lines,
creating the worlds largest relocation and van line logistics company in a
transaction valued at approximately $450 million. Holding Company named
Allied Worldwide acquired Global Van Lines;
moved headquarters to Fort Wayne.
CDR Website Highlights:
"Clayton, Dubilier & Rice, Inc. ("CD&R"
or the "Firm") is one of the oldest and most respected private equity investment
firms in the world. Since its founding in 1978,
Clayton, Dubilier & Rice, Inc. and private equity funds managed by it (together,
including subsidiaries, as appropriate, "CD&R" or the "Firm") have invested
$4 billion in 36 businesses representing a broad range of industries with aggregate
transaction values in excess of $18 billion and revenues of over $25 billion.
CD&R invests in companies in which CD&R's particular skill set, working in partnership
with management, can create lasting value. The Firm is currently managing Clayton,
Dubilier & Rice Fund VI Limited Partnership ("CD&R Fund VI"), a pool of equity
capital of more than $5 billion, on behalf of major pension funds, university
endowments and other leading financial institutions. CD&R was founded on the
premise that a single firm with both operating and financial talent can stimulate
optimal performance from each of its investments. To this end, certain CD&R
principals are seasoned corporate executives with experience at major industrial
enterprises; others are accomplished financiers. "
"SIRVA is a global provider of relocation, moving, logistics, and related
financial services to corporations and consumers. SIRVA's premier brands include:
Meridian Mobility Resources and Cooperative Resource Services, providers of
relocation services; North American, Allied, Global,
Pickfords (in the U.K.), and Allied Pickfords (in Europe, Australia, New Zealand
and Asia), all leaders in moving and storage services; North American Logistics,
one of the worlds largest providers of logistics services; and TransGuard,
the largest multi-line insurance company in the U.S. serving the moving and
storage sector as well as other segments of the transportation industry."
Chairman "Mr. Rice is a founder of
Clayton, Dubilier & Rice. He has spent the major portion of his career in the
private investment business. Mr. Rice is a Trustee Emeritus of Williams College,
and is a member of the Board of Trustees of The Manhattan Institute, INSEAD'S
International Council, and JPMorgan National Advisory Board; and is a Director
of ITALTEL s.p.a., Remington Arms Company, and Uniroyal Holding, Inc. "
"Prior to joining the Firm in 2001,
Mr. (Clayton) Armstrong worked in the Private Investment and Mergers & Acquisitions
departments of Morgan Stanley. He is a graduate of the University of North Carolina."
"Clayton Dubilier Inks Two Agreements.
Deger Issue: Jan 26, 1998 Clayton, Dubilier & Rice on Jan. 12 signed a definitive
agreement to acquire North American Van Lines from Norfolk Southern Corp.
for more than $200 million. A day later, the firm signed another agreement
to acquire a minority stake in U.S. Office Products Co. for nearly $270 million.
According to a statement from the New York buyout firm, Clayton Dubilier will
commit $65 million from Clayton, Dubilier & Rice Fund V, L.P. to acquire North
American. Chase Manhattan Bank will provide senior debt for the deal.
The transaction is scheduled to close next quarter. Headquartered in Fort Wayne,
Ind., North American rents moving vans and trucks throughout the world. The
company, with combined 1996 revenue in excess of $930 million, has 780 locations
in the U.S. and Canada and 350 locations worldwide. "
Clayton Dubilier & Rice Announces the Creation
of the Largest Relocation and Van Line Logistics Company in the World. Issue:
Nov 19, 1999 /CAUTION -- ADVANCE FOR RELEASE AT 10 A.M. EST SUNDAY, NOV. 21/
North American Van Lines and Allied Van Lines Unite to Form Industry Leader
/ADVANCE/ NEW YORK, Nov. 21 /PRNewswire/ -- Clayton, Dubilier & Rice, Inc. ("CD&R")
today announced the completion of the merger between North American Van Lines
and Allied Van Lines, creating the world's largest relocation and van line logistics
company in a transaction valued at approximately $450 million. The new Company,
which will be known as Allied Worldwide, will have operations in 36 countries,
with more than 1,100 agents and worldwide revenues of more than $2 billion.
(Photo: http://www.newscom.com/cgi-bin/prnh/19991119/NYF055 ) "These two companies
are an excellent strategic fit. We will aggressively leverage their combined
competitive strengths, maximize operational efficiencies and invest in technological
innovation," said Jim Rogers, a principal of Clayton Dubilier & Rice who will
serve as the Chairman of the new company. "We will bring together the best practices
of both organizations to set a new industry standard that will benefit our network
of agents and drivers, and of course, our collective customers." Allied Worldwide
will maintain its high profile brand names, which 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.
Allied Worldwide will operate these brands as a holding company, with headquarters
in Fort Wayne, Ind., and with executive offices in Naperville, Ill.; London,
England; and Melbourne, Australia.
Clayton, Dubilier & Rice Commits Significant
Growth Capital to Allied Worldwide. Author/s:
Issue: Feb 11, 2002 Investment to Accelerate Company's Transformation Into Global
Services Provider SIRVA Chosen as New Holding Company Name to Reflect Broader
Strategic Focus CHICAGO, Feb. 11 /PRNewswire/ -- Allied Worldwide (AWW) announced
today that a fund managed by Clayton, Dubilier & Rice, Inc. (CD&R), a private
investment firm that owns approximately 73% of AWW, is committing significant
growth capital to accelerate the company's transformation into a global services
provider and to expand its value offering to customers. AWW intends to broaden
its range of moving services, logistics, relocation, and related financial services.
In line with its new strategy, AWW will change the name of its holding company
to SIRVA, which is derived from the Latin word "servire," meaning to serve.
SIRVA's alignment of associates, agents, and preferred partners will be focused
to deliver customized solutions to satisfy the productivity, quality, and speed
requirements of customers worldwide, including corporations, consumers, and
government entities. "The new growth capital ensures that we have the financial
resources to make strategic acquisitions that enhance the suite of solutions
the company offers customers, agents, and preferred partners worldwide," said
Jim Rogers, Chairman and Chief Executive Officer. "SIRVA is well positioned
to become a terrific global services leader and our new name symbolizes both
the strategic intent and execution capabilities of our expanded value proposition."
Mr. Rogers also serves as a principal of CD&R. The four focus areas of SIRVA's
operations -- moving services, logistics, relocation services, and insurance
-- will continue to maintain their premier brand identities. Today, these high
profile brands include: North American, Allied, Global, Pickfords (in the U.K.),
and Allied Pickfords (in Europe, Australia, New Zealand and Asia), all leaders
in moving and storage services; North American Logistics, one of the world's
largest providers of specialty transportation and logistics solutions; and TransGuard,
the largest multi-line insurance agency in the U.S. exclusively serving the
moving and storage industry. SIRVA is considering a wide range of initiatives,
including acquisitions, to expand its services offering, generate higher growth,
and create more opportunities for associates, agents and preferred partners
worldwide. In connection with the strategic initiatives under consideration,
the company is well positioned to leverage its extensive global sales force
and fulfillment assets. Built from the 1999 merger of North American Van Lines
and Allied Van Lines, SIRVA is the world's largest global relocation and moving
services company. It has operations in 36 countries, with more than 7,000 associates
and over 1,700 independent agents. Revenues in 2001 were approximately $2.2
billion. A fund managed by CD&R originally invested in North American Van Lines
in March 1998. "
CDR 375 Park Avenue 18th Floor New
York, New York, 10152 Tel: (212) 407-5200 Fax: (212) 407-5252
London: Clayton, Dubilier & Rice International, Inc. 55 Grosvenor Street London,
WIX 9DA United Kingdom Tel: 011-44-171-290-5800 Fax: 011-44-171-290-5801