PILOT FREIGHT SERVICE ACQUIRES FRANCHISES IN MEMPHIS & ST. LOUIS
GLEN MILLS, PA – March 4, 2021 – Pilot Freight Services (Pilot), a worldwide transportation and logistics services provider backed by ATL Partners and British Columbia Investment Corporation (BCI), has acquired the Memphis and St. Louis franchise locations. The stations, which are a part of the Pilot network, will be seamlessly integrated into Pilot’s corporate organization effective immediately. The two stations have been Pilot franchises for nearly thirty years, making them a stable and integral part of its growth.
The acquisitions will enhance Pilot’s operational control over the company’s nationwide network. The Memphis station is strategically located to support fast-growing e-commerce and last-mile service offerings, while the St. Louis franchise is an attractive asset due to strong historical growth in B2B and global services. Memphis and St. Louis franchises’ leadership and employees will join the Pilot organization as part of the transition.
Pilot has acquired 28 franchise locations over the last three years and completed the acquisition of last mile logistics provider, Manna Freight Systems, in 2018. As a result of these acquisitions, over 90% of Pilot’s locations are company-owned.
“Pilot’s vast expertise and local market knowledge combined with our solution-focused model are key components of our continued growth. These strategic acquisitions along with further investments in technology will bring Pilot to the next level of growth and increased customer satisfaction,” explains Zach Pollock, chief executive officer of Pilot Freight Services.
ABOUT PILOT FREIGHT SERVICES
Pilot Freight Services is an award-winning full-service transportation and logistics provider with 96 locations throughout North America. Pilot also has several locations in Western Europe and a presence in the Asia-Pacific marketplace. The company’s freight forwarding services encompass every mode of transportation, including air, ground and ocean, serving all corners of the globe. Pilot’s full mile and final mile home delivery solutions for heavy and hard to handle goods include value-added service offerings such as white glove, assembly and installation. Pilot’s logistics programs offer a complete line of expedited and time-definite services, international shipping solutions, product warehousing and inventory management. In addition, Pilot’s online shipment navigator, CoPilot, makes online shipping fast, convenient and secure. In 2018, Pilot adopted Alex’s Lemonade Stand Foundation as their national philanthropy partner raising funds company-wide for treatments and cures for children battling cancer. Learn more about Pilot Freight Services at www.PilotDelivers.com.
ABOUT ATL PARTNERS
Founded in 2014, ATL Partners is a premier sector-focused private equity firm that invests in aerospace, transportation and logistics companies. ATL brings deep sector expertise to its investment approach with nine investment professionals and seven Executive Board members who have decades of combined operating experience in each of ATL’s core sectors. For more information about ATL Partners, visit www.atlpartners.com.
ABOUT BCI
With C$171.3 billion of managed assets as of March 31, 2020, British Columbia Investment Management Corporation is a leading provider of investment management services to British Columbia’s public sector and one of Canada’s largest asset managers. BCI generates investment returns that help their institutional clients build a financially secure future. With a global outlook, BCI seeks investment opportunities that convert savings into productive capital that meet their clients’ risk/return requirements over time. BCI invests across a range of asset classes: fixed income; mortgages; public and private equity; real estate; infrastructure; and renewable resources. BCI’s private equity program, valued at C$17.9 billion, is focused on direct investments in industrials, technology, consumer/retail, healthcare, as well as financial and business services. For more information about BCI, please visit www.bci.ca.