SPRINGFIELD, Va., March 7, 2017 /PRNewswire/ -- Springfield, VA based Interstate Group Holdings, Inc., the 3rd generation Morrissette Family enterprise and parent of Top Hat® Service provider Interstate Van Lines, Inc., announces its acquisition today of Indianapolis, Indiana, headquartered American Red Ball World Wide Movers. This combining of the 74-year-old Interstate and 98-year-old American Red Ball will position Interstate as one of the largest independent movers in the United States.
The deal will add approximately $30 million in revenues and increase Interstate's national transportation fleet by 34%. The company intends to maintain its corporate offices and services in Springfield, while taking advantage of the existing resources in Indianapolis to jointly manage and operate the combined companies.
Founded in 1943, The Interstate Family of Companies encompasses a worldwide group of transportation, warehousing, relocation management, logistics and real estate solutions serving government, corporate, and individual clients. The company maintains its headquarters in Springfield, Virginia, working with a global alliance of 1,500 service partners and 17,500 professional associates in 112 countries across six continents. On an annual basis, it is entrusted with the care and oversight of more than $1 billion in customer-valued goods and property. The organization distinguishes itself with key industry certifications, including ISO 9001:2008. Interstate is an 11-time recipient of the NDTA Award for Quality Service and was named Independent Mover of the Year twice by the American Moving & Storage Association. Interstate has been identified six times in the last eight years as one of America's fastest-growing private U.S. companies, based on revenue growth.
About American Red Ball
Established in 1919 in Indianapolis by the Hiner family, American Red Ball World Wide Movers performed the first long distance interstate move in the United States. Providing "Red Carpet Moving Service" for 98 years, the company is known amongst its agents and drivers as ethical, accessible and personal in its relationships. Its mission is to provide superior moving solutions worldwide that exceed customer expectations. An innovative leader, promoting safety, dependability and exceptional customer service, American Red Ball is the recipient of numerous safety awards over the last 15 years and is a Certified AMSA ProMover.
For more information, please contact 800-745-6683, ext. 3220, visit MoveInterstate.com or email: email@example.com.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/local-mover-is-moving-up-300419551.html
SOURCE Interstate Group Holdings, Inc.