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Transportation and logistics company Pilot Freight Services has added five franchise locations to enhance services for the automotive, health care, home furnishings, industrial products and packaging industries.
The growth is part of an expansion that has been ongoing for three years.
Backed by company owners ATL Partners and British Columbia Investment Management Corp., Pilot acquired 25 franchise locations over the past three years and completed the acquisition of last-mile logistics provider Manna Freight Systems in 2018.
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As a result of these deals, nearly 90% of Pilot’s locations are company-owned.
The latest acquisitions — located in Mexico, Texas and Wisconsin — enhance Pilot’s operational control over its nationwide network, including cross-border services for clients, according to the Glen Mills, Pa.-based company.
“Acquiring franchises with a record of strong performance and growth adds to the stability and growth trajectory for Pilot in both domestic and global sales,” CEO Gordon Branov said in a statement.
Pilot Freight ranks No. 23 on the Transport Topics list of top airfreight forwarders with 220,000 tons of air cargo shipped, and No. 55 on TT’s list of top dry storage warehousing firms. — Transport Topics
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