Allied Van Lines
Encyclopedia
Allied Van Lines is a moving company
founded in 1928 as a cooperative
non-profit organization owned by its member agents on the east coast of the United States
, to help with organizing return loads and minimizing dead-heading (i.e. operating trucks without shipments loaded on them). In 1968 it was reorganzied as a standard public company
, with shares. In 1999 it merged with its larger competitor, North American Van Lines
, and the combined entity then came under the holding company Allied Worldwide. In 2002, Allied Worldwide was renamed SIRVA, Inc.
, which went public the following year, as the world's largest relocation and van line logistics company.
On November 21, 1999, Clayton, Dubilier and Rice also completed their acquisition of Allied Van Lines and merged it with North American Van Lines to create Allied Worldwide, although each former company maintained its own profile names. Valued at approximately US$450 million in the merger, the Allied Worldwide combined entity became the world's largest relocation and van line logistics company.
The decade of the 2000s saw major internationalization, as the merged company reached far away from North America
, beginning operations in other continents, such as Europe
and South America
.
SIRVA, Inc. (formerly Allied Worldwide), based in Westmont, Illinois, is a privately owned moving industry holding company which resulted from the merger of Allied Van Lines with North American Van Lines.
In 2003 SIRVA, Inc. announced its initial public offering
, and its common shares became listed on the New York Stock Exchange under the symbol "SIR".
Moving company
A moving company, removalist, or van line is a company that helps people and businesses relocate their goods from one place to another. Typically they use moving vans, but for international moves or where storage is required, they may use special containerised vans or shipping containers.National...
founded in 1928 as a cooperative
Cooperative
A cooperative is a business organization owned and operated by a group of individuals for their mutual benefit...
non-profit organization owned by its member agents on the east coast of the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
, to help with organizing return loads and minimizing dead-heading (i.e. operating trucks without shipments loaded on them). In 1968 it was reorganzied as a standard public company
Public company
This is not the same as a Government-owned corporation.A public company or publicly traded company is a limited liability company that offers its securities for sale to the general public, typically through a stock exchange, or through market makers operating in over the counter markets...
, with shares. In 1999 it merged with its larger competitor, North American Van Lines
North American Van Lines
North American Van Lines, or NAVL, is a large, United States based trucking company originally formed in Cleveland, Ohio and later based in Fort Wayne, Indiana, which specializes in home and office relocations.-History:...
, and the combined entity then came under the holding company Allied Worldwide. In 2002, Allied Worldwide was renamed SIRVA, Inc.
SIRVA, Inc.
SIRVA, Inc. , based in Westmont, Illinois, is a privately owned moving industry holding company which resulted from the merger of Allied Van Lines with North American Van Lines...
, which went public the following year, as the world's largest relocation and van line logistics company.
Allied Worldwide
On January 12, 1998, NAVL was bought out from Norfolk Southern Corporation by the private investment firm Clayton, Dubilier & Rice for more than US$200 million.On November 21, 1999, Clayton, Dubilier and Rice also completed their acquisition of Allied Van Lines and merged it with North American Van Lines to create Allied Worldwide, although each former company maintained its own profile names. Valued at approximately US$450 million in the merger, the Allied Worldwide combined entity became the world's largest relocation and van line logistics company.
The decade of the 2000s saw major internationalization, as the merged company reached far away from North America
North America
North America is a continent wholly within the Northern Hemisphere and almost wholly within the Western Hemisphere. It is also considered a northern subcontinent of the Americas...
, beginning operations in other continents, such as Europe
Europe
Europe is, by convention, one of the world's seven continents. Comprising the westernmost peninsula of Eurasia, Europe is generally 'divided' from Asia to its east by the watershed divides of the Ural and Caucasus Mountains, the Ural River, the Caspian and Black Seas, and the waterways connecting...
and South America
South America
South America is a continent situated in the Western Hemisphere, mostly in the Southern Hemisphere, with a relatively small portion in the Northern Hemisphere. The continent is also considered a subcontinent of the Americas. It is bordered on the west by the Pacific Ocean and on the north and east...
.
SIRVA, Inc.
On February 11, 2002 Allied Worldwide was renamed as SIRVA, Inc.SIRVA, Inc.
SIRVA, Inc. , based in Westmont, Illinois, is a privately owned moving industry holding company which resulted from the merger of Allied Van Lines with North American Van Lines...
SIRVA, Inc. (formerly Allied Worldwide), based in Westmont, Illinois, is a privately owned moving industry holding company which resulted from the merger of Allied Van Lines with North American Van Lines.
In 2003 SIRVA, Inc. announced its initial public offering
Initial public offering
An initial public offering or stock market launch, is the first sale of stock by a private company to the public. It can be used by either small or large companies to raise expansion capital and become publicly traded enterprises...
, and its common shares became listed on the New York Stock Exchange under the symbol "SIR".