ELIZABETH, NJ – January 11, 2023 – East Coast Warehouse & Distribution (“East Coast Warehouse”), a leading temperature-controlled logistics provider to the food and beverage industry, announced today that its sister company, Safeway Trucking Corporation (“Safeway”), has acquired the assets of Allied Brothers Intermodal, Inc. (“Allied”).
Allied is a full-service drayage provider serving the Northeast region of the United States for over 45 years. Its trucking operation accommodates both local and long-haul drayage capabilities with service to and from the Ports of New York and New Jersey, as well as local rail ramps. Its customer base aligns well with that of Safeway, focusing on food and beverage, candy and confectionery, and retail verticals.
“The acquisition of Allied will strengthen and increase Safeway’s overall driver capacity at a time when driver recruitment and retention is a top priority,” said East Coast Warehouse CEO Jamie Overley. “Their service offering and footprint dovetails with that of our organization. We are confident the combination of our companies will benefit our customers.”
Safeway is one of the nation’s largest container drayage providers, offering fast, reliable, and cost-effective drayage, full truckload, less-than-truckload, transportation management, and final mile delivery services across the contiguous United States.
Financial terms of the transaction were not disclosed.
For more information on Safeway and its services, please visit www.safewaytrucking.com.
About East Coast Warehouse & Distribution
For more than 65 years, East Coast Warehouse & Distribution has served as a preeminent third-party (3PL) logistics provider, offering integrated temperature-controlled logistics services to food and beverage importers. Its state-of-the-art facilities, totaling 72 million cubic feet, strategically located on the Ports of New York/New Jersey, Philadelphia, Baltimore, and Savannah, expedited customs exam services, transportation capabilities and value-added services offers clients a 3PL end-to-end solution that is sophisticated and seamless. In January 2022, East Coast Warehouse partnered with and received an investment from Equity Group Investments, the private investment firm of Sam Zell. For more information, please visit www.eastcoastwarehouse.com.
About Equity Group Investments
Equity Group Investments (EGI), founded by Sam Zell more than 50 years ago, has a long track record of building public and private businesses, including the origination and growth of multi-billion-dollar companies. EGI’s flexible capital and open investment mandate enable the firm to pursue opportunistic transactions across industries and geographies, throughout the capital structure, at any point in the economic cycle. EGI’s current portfolio includes investments in transportation and logistics, energy, waste and infrastructure, manufacturing, healthcare, agribusiness, and real estate. For more information, visit www.egizell.com.