Atlas Logistics® Acquires TopHat Logistical Solutions
At the beginning of this year, Atlas Logistics® welcomed a new team into the Atlas® family with the acquisition of TopHAT Logistical Solutions.
Founded in 2008 and based in Lake Geneva, Wisconsin, TopHAT is a $50 million full-service logistics company that specializes in retail home, or finalmile, delivery. The company oversees the delivery, installation, transportation, haul away service, and warehousing operations for many leading retailers. With their nationwide coverage to all 48 contiguous states, TopHAT’s company’s customer list includes Sears, TNT Logistics, Cory 1st Choice Home Delivery, Bloomingdales and Macy’s, as well as many furniture retailers like The RoomPlace and Ashley Furniture.
"Atlas is gaining a home delivery network that immediately strengthens our portfolio," said Jack Griffin
, Chairman & CEO of Atlas® World Group. “TopHAT presents a competitive and scalable solution for ecommerce that is both complementary to our existing suite of products and is immediately accretive to Atlas World Group’s performance around the world.”
“We are excited to join the Atlas World Group family,” said Steve Trensch
, a founding partner of TopHAT Logistical Solutions. “Atlas gives us limitless potential for growth given its robust logistics offering, brand power, and renowned industry reputation. It’s a story of small business meets big business, and our employees and customers will undoubtedly experience the benefits.”
According to the global business data platform Statista Inc., the last mile delivery market in North America was sized at $31.25 billion in 2018, and it is expected to grow to just under $51 billion in 2022. With the TopHAT acquisition, Atlas is gaining a home delivery network that will allow for expanded services and the ability to capitalize on a booming market. There will also be meaningful opportunities for the Atlas agency network to provide warehousing, final mile delivery and labor services to TopHAT.
“This vital acquisition will allow Atlas Logistics to expand its service offering,” said Phil Wahl
, President & COO, Atlas Logistics. “TopHAT’s expertise in the home delivery and final mile market is another piece of the puzzle that fits strategically within our portfolio of services. As an Atlas Logistics subsidiary, the TopHAT brand and its leadership team will be maintained and operate as an integral part of our global logistics offering.”
For more information, visit: www.tophatls.com.