In July 2005, Lake Capital acquired the SIRVA Logistics
business assets from North American Van Lines, Inc.,
a subsidiary of SIRVA, Inc. (NYSE: SIR), and renamed
the company NAL Worldwide LLC. The NAL team and Lake
Capital are partnering to expand the scope of services
and broaden the geography of NAL Worldwide, through
organic as well as acquisition-enhanced means.
Since NAL was a "carve-out" of its former parent, Lake Capital had to oversee a twelve-month transition to a stand-alone company, including creating back-office systems and hiring resources that had previously been provided by the parent. In addition, Lake recruited a senior vice president of sales and more than a half dozen business development executives to create a salesforce that hadn't previously existed at NAL.