Atlas World Group, Inc. Acquires TopHAT Logistical Solutions
EVANSVILLE, IND. – (February 17, 2020) – Atlas World Group, Inc., which is comprised of a portfolio of companies that delivers transportation and related services globally through a network of agents and select service partners, is proud to announce that its subsidiary, Atlas Logistics Inc., has acquired TopHAT Logistical Solutions of Lake Geneva, Wisconsin.
TopHAT is a $50 million full service logistics company that specializes in retail home delivery. The company oversees the delivery, transportation and warehousing operations for many leading retailers. Similar to Atlas, the company’s mission is centered around customer service for its clients’ unique needs.
"Atlas is gaining a home delivery network that immediately strengthens our portfolio," said Jack Griffin, chairman and 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, Atlas Logistics® president and COO. “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 on Atlas World Group and its subsidiaries, visit www.atlasworldgroupinc.com. For more information on TopHAT, visit www.tophatls.com.
About Atlas® World Group
Headquartered in Evansville, Ind., Atlas® World Group, Inc. comprises a family of companies that deliver transportation and related services globally through a network of quality agents and select service partners. Atlas is distinguished by agent ownership and a shared commitment to help people go new places more easily and more securely. Atlas World Group companies employ nearly 800 people throughout North America. Through a continuing emphasis on service excellence, the company has achieved extraordinary growth. For more information on Atlas World Group, visit atlasworldgroupinc.com.
About Atlas Logistics®
Atlas Logistics Inc., a subsidiary of Atlas World Group, Inc. is a full-service logistics provider with specialized fleet capabilities and a well-developed network of third-party partnerships. Turnkey services include supply chain management, freight brokerage, padded-van transportation and project management. Atlas Logistics® has a unique ability to serve customer needs because of the unique combination of its own fleet and extensive third-party network of logistics providers. For more information, visit www.atlaslogistics.com.