Transportation and logistics provider Koch Companies announced it has added to its warehousing and retail fulfillment network with the acquisition of Store Opening Solutions (SOS).
Financial terms of the transaction were not provided.
Murfreesboro, Tennessee-based SOS provides retail inventory consolidation. It had been owned by Marmon Holdings, a global industrial conglomerate that is part of Berkshire Hathaway (NYSE: BRK-B).
“Bringing SOS into the Koch Companies family represents a meaningful step in our long-term strategy to strengthen and expand our logistics, fulfillment, and trucking capabilities,” said Koch CEO Jeff Koch in a news release. “By investing in the people, infrastructure, and services that define both SOS and Koch, we’re positioning the business and our customers for long-term success.”
Minneapolis-based Koch also operates trucking, leasing and maritime businesses. It has a large Midwest 3PL operation. The warehousing network includes 3 million square feet of space, which will double through the acquisition.
Koch has had at operations team on site at SOS since 1999, serving some of the nation’s largest retailers.
More FreightWaves articles by Todd Maiden:
- STG Logistics files Chapter 11, charts path forward
- Former, current USA Truck execs acquire TL carrier from DSV
- Susquehanna says TL recovery requires kick start from demand
The post Koch bolsters retail fulfillment network in SOS deal appeared first on FreightWaves.
