Written by
Nick Blenkey
Ingram president and CEO John Roberts: “Increasing our footprint to supply a full suite of transportation and logistics companies will likely be a sport changer for {the marketplace} and an enormous value-add for our prospects.”
Nashville, Tenn., headquartered Ingram Marine Group has introduced the creation of Ingram Infrastructure Group LLC as a brand new materials dealing with and provide chain options subsidiary inside its company construction. The transfer was fueled by Ingram finalizing its acquisitions of Inland River Transport Holdings LLC (SCF) and NexStar Options LLC (NexStar), marking a large enlargement in Ingram’s companies and belongings.
Ingram acquired SCF, a supplier of built-in river transportation and logistics companies, from SEACOR Holdings Inc. (SEACOR) following the signing of a purchase order settlement final October.
Ingram at the moment operates throughout greater than 4,500 miles of the U.S. inland waterways system transporting a wide range of commodities utilizing a fleet of 4,100 coated and open high dry cargo and liquid tank barges and 140 towboats. With the acquisitions, Ingram will have the ability to leverage its experience in marine transportation to grow to be a totally built-in, end-to-end provide chain options supplier. Importantly, the acquisitions alsobring eight new terminal areas into Ingram’s portfolio enabling bulk, break-bulk, and containerized storage, and dealing with companies with connectivity to marine, rail, and highway transportation. With the enlargement into the terminals enterprise, Ingram can now present multi-modal & multi-product distribution options for North American shippers and consignees.
Along with buying SCF, Ingram has additionally acquired NexStar Options LLC, a pacesetter in logistics infrastructure consulting, specializing in complete advisory companies to buyers, governments, and organizations.
“Right this moment’s bulletins are the newest strikes that present our continued dedication so as to add worth for our prospects, deliver on new prospects, and increase the companies we are able to supply,” mentioned Ingram president and CEO John Roberts. “We’re happy with our historical past as one of many nation’s main inland marine firms. Increasing our footprint to supply a full suite of transportation and logistics companies will likely be a sport changer for {the marketplace} and an enormous value-add for our prospects.”
As a part of the NextStar Options acquisition, Invoice Kinzeler, Daniel Lester, and Frank Prentiss have joined Ingram Infrastructure LLC because the senior management crew. The NexStar crew has expertise managing greater than 100 terminal belongings, 30 railroads, and greater than 900 trucking belongings during the last 20 years. Inside that set of belongings, the NexStar crew has dealt with greater than 200 completely different commodities.
Kinzeler will function SVP & basic supervisor of the enterprise unit, Lester as SVP of enterprise improvement, and Prentiss as business VP. They collectively deliver greater than 60 years of trade expertise to Ingram Infrastructure, enabling Ingram to increase its data and experience within the logistics infrastructure house by leveraging trade finest practices and multi-modal options.
“We’re going to set the usual of excellence in marine, highway and rail transportation and distribution,” mentioned Ingram COO Aaron Barrett. “We’re excited to marry our deep marine transportation data and monitor file with further capability in materials dealing with and provide chain options. Approaching the heels of the creation of Ingram Logistics Companies, which we lately launched, we provide prospects a set of companies unmatched by anybody else within the house.”
