Household goods carrier, Graebel, today announced the company’s plans to sell Graebel Van Line and U.S. Moving Centers to Peterson Holding Company.
“In this landmark announcement, it was also conveyed that the two business units will be acquired under the Petersons’ newly formed holding company Graebel Vanlines, LLC. This comes as the Petersons, founders of All My Sons Moving & Storage, will independently own and separately operate the interstate carrier and coast to coast moving and storage entities from their other holdings. Terms of this agreement will not be disclosed. Interviews will be scheduled with the Graebels and the Petersons after the transaction has closed,” Graebel Companies Inc., said in a press release.
Graebel currently has 1,050 drivers. At this time it is unknown how the acquisition will affect the company’s current employees.
David Graebel opened the business with just one truck in Wisconsin in 1950. Today, Graebel Van Lines, Inc. and Graebel Movers Inc., is the largest wholly-owned moving and storage network in North America.
The company performs household goods and commercial office location services.