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BirdDog Logistics Acquires Churchill Transport Group

Dépèche transmise le 4 novembre 2009 par Business Wire

BirdDog Logistics Acquires Churchill Transport Group

ANDOVER, Mass. & CHARLOTTE, N.C.--(BUSINESS WIRE)--In a move that will further enhance its ability to provide unsurpassed freight management services, BirdDog Logistics Services, LLC has acquired Churchill Transport Group, Inc., a privately owned third-party logistics (3PL) provider. The terms of the recently signed definitive agreement between the two companies were not disclosed.

Boasting a seasoned team of professionals with decades of industry expertise and a strong customer base, Churchill Transport Group and its affiliate, CTG Financial, LLC represent an important strategic addition to BirdDog’s freight management business. “Churchill’s service offerings, customer service team, and strong customer base complement BirdDog’s business and will extend our ability to deliver best-in-class services to our customers,” said Richard Piontek, president, BirdDog Logistics. “The addition of Churchill further strengthens our position in the transportation market and advances BirdDog’s objective of helping our customers effectively purchase and manage freight across all modes of transportation. In addition, Churchill customers will now have access to BirdDog’s Transportation Spend Management services, including contract negotiation, freight bill audit and payment, and information management.”

“Combining teams and uniting our capabilities is a great growth opportunity for Churchill and will greatly benefit our customers and employees,” said Derek Skea, president, Churchill Transport Group. “We are excited to join the BirdDog team and look forward to continued growth and success.”

BG Strategic Advisors, LLC, acted as the exclusive financial advisor to Churchill Transport Group, Inc. in the transaction.

About BirdDog Logistics

BirdDog Logistics Services, LLC, provides freight management and brokerage services to shippers in need of reliable transportation solutions and to motor carriers with available capacity. Acting as an intermediary between the two, the company provides these services to shippers looking for carriers that will reliably meet their commitments at competitive transit rates. BirdDog Logistics Services, LLC, is a wholly owned subsidiary of BirdDog Solutions, Inc., and is headquartered in Andover, MA.

About Churchill Transport Group

Churchill Transport Group is a third-party logistics (3PL) provider available 24 hours a day to fulfill customers’ freight transportation and logistics needs. The company provides access to multiple transportation providers worldwide including Truckload, Less-than-Truckload, Rail, Ocean, Air, and Courier carriers. Based in Charlotte, NC, the company has been serving the market since 2001. Also based in Charlotte, NC, Churchill’s subsidiary, CTG Financial, LLC, is a leading provider of receivables factoring for carriers, offering services for managing billing, receivables, collections, and funding.

About BG Strategic Advisors

BG Strategic Advisors (“BGSA”) acted as the exclusive financial advisor to Churchill Transport Group, Inc. in the transaction. BGSA is a leading M&A advisory firm focused on the logistics and supply chain industry. The firm specializes in providing CEOs in the logistics and supply chain industry with the tools to maximize their companies’ value. For more information on BGSA, please contact Managing Director Benjamin Gordon at (561) 932-1601 or email [email protected].