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PLS expands freight forwarding with AGL acquisition
Weymouth, Mass.-based freight forwarder will operate as wholly owned subsidiary
Key Takeaways:
- PLS Logistics Services acquired The AGL Group, a Weymouth, Mass.-based international freight forwarder, the company announced June 25.
- PLS said the deal expands its international forwarding capabilities and supply chain offerings alongside domestic freight services.
- The AGL Group will operate as a wholly owned subsidiary, with Steve Zambo remaining CEO and reporting to PLS President Steven Bergan.
PLS Logistics Services acquired The AGL Group, a Weymouth, Mass.-based international freight forwarder, in a deal that expands PLS’ portfolio, the company announced June 25.
The acquisition expands PLS’ international forwarding capabilities alongside its domestic freight services, including truckload, less-than-truckload, transportation management system and managed services, PLS said.
The company noted the deal strengthens its market position, diversifies its customer base and broadens its supply chain service offerings. Financial terms were not disclosed.
The AGL Group will operate as a wholly owned subsidiary of PLS Logistics. Steve Zambo will remain CEO of AGL and report to Steven Bergan, president of PLS Logistics.
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Greg Burns, chairman and CEO of PLS Logistics Services, said in the release that the acquisition adds international service capabilities, including ocean freight and customs brokerage, to PLS’ customer base.
Zambo said the deal will create growth opportunities for AGL clients and employees, while Bergan said PLS sees AGL’s customer and employee focus as a fit with PLS.
Cranberry Township, Pa.-based PLS ranks No. 65 on the Transport Topics Top 100 list of the largest logistics companies in North America.
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