ENGLAND LOGISTICS ACQUIRES TRANS-MAN LOGISTICS, INC.
SALT LAKE CITY, UT — November 2, 2007 — Salt Lake City based England Logistics, a wholly owned subsidiary of C.R. England, acquired Trans-Man Logistics, Inc., based in Taylor, MI. Trans-Man is a global third party logistics company specializing in supply chain services and transportation management.
"This is an ideal company to help expand our traffic management service," said Steven Gadd, England Logistics Vice President. "Trans-Man's 150 years of combined industry knowledge, strong client relationships and solid financial history are core strengths we looked for in a company."
While England Logistics will end 2007 as one of the top 50 logistics companies, it only recently began offering supply chain consulting and traffic management services. The company only just announced the acquisition of TMS, Inc., based in nearby Alma, MI. "England is dedicated to becoming a leader in third party logistics services and this acquisition will help us reach that goal," added Gadd.
C.R. England acquired the assets of Trans-Man, Inc., though terms of the sale were not disclosed. Founded by William Barrett in 1997, Trans-Man has become known as "the discoverer of hidden profitability." Trans-Man offers a wide range of web-based, transportation management deliverables in assisting their clients reduce freight expenses. Trans-Man is unique in the industry in the fact that they guarantee results: The savings they secure for their clients will always be greater than the Trans-Man fees — if not, the difference is paid to the client.
Barrett feels the timing of this acquisition is ideal for a combination of reasons. "The recent acquisition activity taking place in the market makes it more difficult to compete with those companies offering a larger menu of opportunities for customers," Barrett said. "Our goal is to be the best, and England's size helps us achieve that goal. It makes us more efficient and provides a larger menu of services to our customers."
C.R. England is a family-owned refrigerated transportation business headquartered in Salt Lake City, UT. Besides the truckload service currently provided by their 3400 trucks and 5400 reefers, they also specialize in full truckload brokerage, traffic management, refrigerated intermodal, international distribution, container hauling, and dedicated contract carriage. For more information about England Logistics, including services offered and career opportunities, please visit www.englandlogistics.com.
BG Strategic Advisors served as the exclusive financial advisor to England Logistics in this transaction. BG Strategic Advisors ("BGSA") is the leading M&A advisory firm focused on the logistics and supply chain industry.