CRST International Inc. recently acquired Pegasus Transportation Inc. The purchase was made with CRST cash reserves.
Pegasus is a provider of several truck-related services, including expediting, warehousing, local cartage and transportation support service, according to its website. Founded in 1988, Pegasus introduced Transflo Express, a document scanning service, in 2002. Pegasus acquired document scanning rival TripPak last July.
CRST International’s annual revenue exceeds $1.5 billion, and it currently employs more than 7,000 company drivers, independent contractors and office personnel across the United States. CRST has acquired three other transportation companies in the last two years: Specialized Transportation, Allied Special Products and Besl Transfer Co.
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