For Immediate Release
March 21, 2007
Panther Expedited Services Acquires
Integres Global Logistics
Seville, OH – Panther Expedited Services, Inc., the largest independent provider of critical shipment delivery services, today announced its acquisition of Integres Global Logistics, a leading technology-based freight forwarding and logistics company.
“Bringing together Panther’s extensive ground expedite fleet and management system with Integres’ proven, time-critical air and ground freight services represents a tremendous opportunity for our customers, suppliers and employees,” said Andrew Clarke, President of Panther Expedited Services, Inc. “This combination creates the expedite industry’s largest full-service premium logistics provider. In addition, Integres brings a complementary set of blue-chip clients and further expands our geographic presence.”
Integres adds a new dimension to Panther’s premium services by offering shippers throughout North America unparalleled access to air and deferred air ground transportation networks. In addition to ground expedite, Panther now provides real-time freight quoting, booking and shipment tracking information from pick-up to delivery on all critical freight.
Panther Expedited Services is a portfolio company of Fenway Partners, a leading middle market private equity firm which has an extensive transportation and logistics practice.
About Panther Expedited Services, Inc.: Panther (www.pantherexpedite.com) is the largest independent, non-asset based provider of expedited transportation services in North America; providing single-source solutions for time-critical shipments, and offering direct service to and from customer locations in the continental United States, Canada and Mexico. The company provides for the delivery of time-critical expedited transportation of dry freight as well as its rapidly growing Elite Services, which involves highly specialized solutions and customized handling.
About Integres Global Logistics: Integres Global Logistics is a technology and logistics company that provides leading-edge, Web-based logistic solutions for shippers throughout North America. Through its optimized analytics solution – FastLane Technology – Integres delivers value-added, time-definite freight solutions to its customers.
About Fenway Partners: Fenway Partners, Inc. is a middle market private equity firm with offices in New York and Los Angeles. Fenway invests in profitable businesses with significant upside potential. Fenway companies typically have leading franchises and operate in two core industry segments, branded consumer products and transportation logistics. With significant knowledge and success investing in these industries, Fenway has built a strong reputation for its hands-on approach to supporting its portfolio companies, which include; sporting goods manufacturer Easton Bell Sports, school yearbook and class ring manufacturer American Achievement, transportation and logistics provider Greatwide, expedited ground transportation provider Panther Expedited Services, and intermodal trucking service provider RoadLink USA. For further information about Fenway, please visit www.fenwaypartners.com.
Contact: Rob Volmer
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