Pilot Freight Services, a leading U.S.-based international and domestic supply chain provider providing cross-border solutions into Canada and Mexico, has been acquired by A.P. Moller-Maersk (Maersk). Pilot Freight Services is changing its name to Pilot – A Maersk Company.
Customers will benefit from the strategic and highly complementary purchase, which will add tailored international, domestic, and cross-border logistics to Maersk’s North America landside logistics capabilities for B2B and B2C distribution models. New supply chain capabilities for the big and bulky industry, as well as white glove home delivery service, have also been added.
AP Moller Maersk has finalized its $1.7 billion acquisition of US freight forwarder Pilot Freight Services. After IFRS-16 lease liabilities, the transaction price of $1.7 billion equals an enterprise value of $1.8 billion.
“To achieve their financial growth goals, our customers expect us to expedite their supply chain speed, eliminate handoffs, and continuously improve their end-to-end, omni-channel business model.” “We can achieve these goals with Pilot’s experience and current infrastructure by developing more agile, nimble supply chains to serve clients the way they want to be served,” said Narin Phol, Maersk North America’s Regional Managing Director.
The company runs an 87-station and hub network. It primarily uses third-party transportation companies and has access to restricted capacity.
“Teaming up with an industry leader like Maersk is a natural fit and will enable our company to tap into huge, new future growth potential for our clients and staff,” said Pilot Freight Services CEO Zach Pollock. We admire Maersk’s commitment to continual improvement and active investment in supply chain solutions; therefore we’re thrilled to collaborate in our expanded position.”
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