AIT Worldwide Logistics clinches deal
Illinois-based supply chain solutions leader AIT Worldwide Logistics has reached an agreement to acquire New York City-based Select Express & Logistics, a 3PL that arranges final mile delivery and assembly services for big and bulky consumer and commercial goods.
AIT Worldwide takes over a staff of about 400 people in 60 locations - 13 offices supported by 47 cross-dock facilities in USA - and an annual delivery of about 1.7 million shipments per year.
The 3PL has also built up a large network of assembly technicians in USA for both fitness equipment and outdoor structures, performing over 600,000 assembly and repair jobs annually.
The deal is expected to close on 17 December 2021. It will be the third acquisition for AIT in 2021, following previous deals to purchase customs broker Multimodal International and freight forwarder Intelligent Logistics. The terms of the transaction have not been disclosed.
Select Express announced the acquisition of Go Configure (GCI), a consumer delivery, assembly, and installation business, on 12 November 2021. (sh)