"Facility ownership should bring a very rapid return on our investment in the form of cash and profit-and-loss savings," says Larry Marzullo, CEO of the Bekins Co. The acquisition was financed by LaSalle Bank.
The Bekins Co. and its subsidiaries, Bekins Van Lines LLC and Bekins Worldwide Solutions, deliver transportation, storage and logistics services through a network of over 350 independently owned moving and storage companies.
Bekins was represented in the transaction by Denny Copeland, Mark Stables and Jerry Bloomstrand, all SVPs at the Grubb & Ellis Co. The seller, Bradley Associates, was represented by Andrew Sandquist, VP, and Robert H. Brennan, First VP, of the Oak Brook office of CB Richard Ellis Inc.
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