How we helped
Facing growing demand in the logistics sector, a leading service provider with one of the most expansive import/export solutions in North America sought to expand its regional footprint. The client had previously executed many small acquisitions but was gearing up for its largest: an import-export solutions arm with around 800 new employees, 12,000 intermodal containers, 5,200 chassis, 37 drayage terminals, and 2,500-tractor drayage capacity.
The acquisition, via a public company carve-out, would significantly grow the size of the business, making it four times larger. AlixPartners was brought in to oversee the successful integration of the business and help the client achieve their growth objectives.
We initially conducted a four-week diligence to inform cost model estimates, and then shifted focus on integration management, including building day 1 workflows, and assembling functional teams and the integration management office (IMO). Additionally, we led the functional separation and then integration for the parent company’s IT, finance, HR, legal, and operations functions. The set up was completed with a companywide PMO workstream to eliminate roadblocks and achieve the client’s overall objectives.
As a result, we successfully designed the future state organization structure and rebuilt the team and processes of the entire human resources function within two months. Additionally, the AlixPartners team executed over $30 million in annual run-rate synergies, leading to the next phase of business improvement actions with targets of $50 million in run-rate EBITDA improvements.