This acquisition expands PLS’s domestic freight services as well as international forwarding capabilities. (PLS Logistics via YouTube)
key takeaways:
- PLS Logistics Services acquired AGL Group, a Weymouth, Mass.-based international freight forwarder, the company announced June 25.
- PLS said the deal expands its domestic freight services as well as its international forwarding capabilities and supply chain offering.
- AGL Group will operate as a wholly owned subsidiary, with Steve Zumbo remaining as CEO and reporting to PLS President Steven Bergen.
PLS Logistics Services acquired AGL Group, a Weymouth, Mass.-based international freight forwarder, in a deal that expands PLS’s portfolio, the company announced June 25.
PLS said the acquisition expands domestic freight services as well as PLS’s international forwarding capabilities, including truckload, less-than-truckload, transportation management systems and managed services.
The company said the deal strengthens its market position, diversifies its customer base and broadens its supply chain service offering. Financial terms were not disclosed.
AGL Group will operate as a wholly owned subsidiary of PLS Logistics. Steve Zambo will remain CEO of AGL and report to Steven Bergen, President of PLS Logistics.
Greg Burns, president and CEO of PLS Logistics Services, said in the release that the acquisition adds international service capabilities, including ocean freight forwarding and customs brokerage, to PLS’s customer base.
Zambo said the deal will create growth opportunities for AGL customers and employees, while Bergen said PLS sees AGL’s customer and employee focus as a fit with PLS.
Cranberry Township, PA. PLS is ranked 65th on Transport Topics Top 100 list of the largest logistics companies in North America.
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