NEW YORK, April 2, 2014 /PRNewswire/ -- The EY organization announced today that LogiStar Solutions, a leading provider of SAP Supply Chain Execution (SCE) services, has signed an agreement for all of its operations to join EY member firms in the US, Canada and Mexico. LogiStar works with companies to help them align their critical business processes and strategies to create competitive advantage through increased operational efficiencies, reduced supply chain operations costs, improved quality and speed to market. The closing of the transaction is subject to the fulfillment of certain conditions, but would be expected to be completed in the next 30 days.
"LogiStar's renowned supply chain execution capabilities can help EY expand its own services and offer clients additional warehouse management and distribution network optimization offerings," said Geoff Vickrey, a principal with Ernst & Young LLP and the EY Americas IT Advisory leader. "This transaction is just the latest example of EY's commitment to offering greater value and the most advanced technology services available to our clients. We are very pleased to welcome these highly talented professionals to EY."
This acquisition will further strengthen the Advisory Services practice of Ernst & Young LLP, which provides performance improvement, technology enablement, risk consulting and business transformation services.
"With our combined skills and experience, EY will be able to offer complete end-to-end supply chain implementation capabilities enabling business transformation," said Brian Thorn, president of LogiStar. "Together, we will be better equipped to deliver more supply chain transformation and improvement programs to clients in key industries, such as consumer products and retail. We are excited to be part of EY and can serve our clients on a global basis."
Cosmo Denicola, chairman of LogiStar, added, "EY's and LogiStar's synergies are strong, creating the opportunity for growth in all facets of current services, including assessment. The LogiStar team with EY will continue to try to be the 'go-to' partner for SAP for supply chain execution services, which includes SAP Extended Warehouse Management and Transportation Management."
Janney Montgomery Scott LLC has been acting as exclusive financial advisor to LogiStar in connection with this proposed transaction.
About LogiStar Solutions
LogiStar specializes in providing a range of SAP supply chain execution solutions and services. The company helps organizations better align their critical business processes and strategies to create superior competitive advantage through increased operational efficiencies, reduced supply chain operations costs, improved quality and speed to market.
LogiStar's SAP consultants share a wealth of experience and knowledge designing and helping clients implement world class SAP Logistics solutions and services to meet the exacting demands of multiple industries and best practices, which can be adapted to meet any organization's unique business needs.
EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.
EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com.
This news release has been issued by Ernst & Young LLP, an EY member firm providing services to clients in the US.