2014

Fleetgistics Holdings, Inc. Acquired by Harbour Group

ORLANDO, Fla., March 23 /PRNewswire/ -- Fleetgistics Holdings, Inc. has been acquired by Harbour Group, Jeffrey Padnis, the president of Fleetgistics, announced.  Terms of the transaction were not disclosed.

Fleetgistics is one of the largest providers of same-day logistics services in North America.  From its headquarters in Orlando, Fleetgistics serves a nationwide client base across numerous industries, with specialized offerings for long term care pharmacies, medical laboratories, and automotive aftermarket parts retailers and distributors.  Utilizing a flexible model that incorporates industry-leading technology to synchronize the efforts of thousands of drivers, the company has differentiated itself with exceptional on-time delivery, real-time package tracking, and unmatched information reporting capabilities to its customers.

Mr. Padnis commented, "We are excited about the tools that Harbour Group brings to our company.  Harbour Group supports our intense focus on customer satisfaction, and will continue to invest in the new technologies, human and other resources, and back office processes that will enable our continuous improvement."

"Fleetgistics is an exceptional company," said Jeff Fox, Chief Executive Officer of Harbour Group.  "We are impressed with the team and the growth they have achieved and look forward to working closely with them to support their continued success.  During this process, it became clear that Fleetgistics' unwavering focus on their customers has led to their substantial growth.  In addition to continuing their already successful strategy, we will actively pursue complementary acquisitions."

Harbour Group is a privately owned company based in St. Louis, Missouri.  Harbour Group and its operating companies are engaged in manufacturing, distribution, and specialty services in multiple industries, including specialty LED systems, linear actuators and switches, automotive-enthusiast products, lubricating systems and equipment, decorative kitchen and bath hardware, abrasives, diamond cutting products and related tools, entertainment and music products, and auxiliary plastic processing equipment.  Since its founding in 1976, Harbour Group has acquired 165 companies in 34 different industries.

SOURCE Harbour Group



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