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LOUISVILLE, KY. (WDRB) -- A long-standing moving company based in Louisville is being sold.
Greg Hoover, the President and CEO of A. Arnold World Class Relocation, heads up a group buying the company.
Former owner Rick Russell, who led A. Arnold for 22 years, is retiring. During his time at the company, Russell transformed the company from a purely local firm to a global carrier. Sales have nearly tripled since 1991.
Greg Hoover now becomes Chairman and CEO, as well as the majority shareholder in the buyout group, which is composed entirely of company management, including CFO Gary Robbins along with agency owners. This transition plan has been in the works since January of 2012.
Before joining A.Arnold, Hoover served as CEO of Bekins Van Lines, and was Chief Marketing Officer and later Vice Chairman and COO of Atlas World Group based in Evansville, Indiana.
"We have some very solid fundamentals in place at A. Arnold," Hoover noted in a news release, "including significant financial strength and stability. Going forward we will leverage all of those assets to deliver the high levels of service we're known for across new and expanded channels."
A. Arnold was founded in 1905 and currently employs about 200 part-time and full-time workers.