About 900 jobs have been saved at Black Country distribution firm Nightspeed after it was bought from the administrators.
Amtrak Express Parcels has acquired the business and assets of Nightspeed Services, which has its head office and a sorting office in Tipton.
Nightspeed, which was set up 22 years ago, was taken into administration on Tuesday after experiencing financial difficulties. Ernst & Young took control of the business which was sold to Amtrak for an undisclosed sum.
Jonathan Smith, Amtrak's chief executive, said the two companies were complimentary and there were unlikely to be any job losses following the takeover.
There are 250 people based at the Tipton site which is the main centre that covers the Midlands, with the remainder working at 22 depots across Britain.
Amtrak, which is based in Bristol, had been looking at acquiring Nightspeed over the last two years and launched its offer after being contacted by the administrators.
Ian Pickford, managing director of Nightspeed, added: "There is no doubt we have a high quality business and workforce and I am delighted that another quality company like Amtrak has acquired the business.
"With increasing competition in the overnight sector, it was becoming clear that a smaller business like Nightspeed would not survive on its own, but now it is a part of a larger network we have a chance to flourish."
Mr Smith said: "We believe our two companies can work together to create greater scale and leverage our advantages in our different markets.
"Amtrak has carved out a niche in business to home deliveries, while they have a different niche in secure delivery of high value parcels.
"They have very high service levels and have won many awards. The only problem they faced was that they weren't really big enough.
"We'd like to think they are small but perfectly formed."
Amtrak, which is no relation to the American rail network, currently has around 100 sites around Britain, including distribution centres in Coventry, Shrewsbury, Telford, Stoke, Hereford, Worcester and Wolverhampton, as well as a hub and centre at Aldridge.
Mr Smith said the firm was now drawing up a strategy about how to integrate the two businesses, but said there were no plans at the moment to reduce the number of sites while the Nightspeed name would be retained.
He said: "We have both got something the other one wants. We have more depots than any other similar company, and we want to increase that number.
"Because we concentrate on home delivery, we can provide a better service if we are located closer to our customers.
"Of course if there are two sites on the same street we will have to look at it, but there is no preordained plan to close any of the Nightspeed sites."
Amtrak, which has a turnover of around £69 million, would now benefit from the greater scale following the addition of Nightspeed, Mr Smith added.
He said: "We will now be a £100 million business, which will help a great deal.
"It is also very pleasing to have saved 900 jobs, where there was a real danger they were going to go.
"It is now our intention to build on the Nightspeed's strengths in the secure overnight delivery market. We will be working closely with the management and staff of Nightspeed over the coming months and we have a detailed integration plan which will benefit our customers.
"The combined resources will produce financial savings and I believe the two business are complimentary and together will make a dynamic organisation."
