MetroGistics Holdings Acquires Vehicle Logistics Firm AmeriFleet
MetroGistics Holdings, based in St. Louis, acquired vehicle logistics firm AmeriFleet of Alpharetta, Georgia. Executives said the deal will spur innovation and accelerate growth for the companies in providing vehicle delivery services.
Terms of the transaction were not disclosed.
MetroGistics is majority-owned by Tailwind Capital. The combined operations of AmeriFleet and MetroGistics creates a one-stop shop for driveaway, trucking, storage, title and registration, compliance and other fleet management services, according to a statement issued by the company Jan. 9.
“We believe that this holistic white-glove final-mile delivery service will provide tremendous value to our clients and partners,” said William Billiter, co-founder and partner of MetroGistics.
MetroGistics, launched in 2010, operates as a broker to provide transportation of vehicles for automotive manufacturers, rental car companies, dealerships and equipment leasing firms. AmeriFleet was founded in 1997 and operates 68 locations in the United States, Canada and Puerto Rico.
“AmeriFleet’s various lines of service really complement our core competencies,” said Scott Naz, co-founder and managing partner of MetroGistics. “We both view ourselves as innovative and tech-savvy companies, and now our combined entities will spur even more innovation and accelerated growth.”
AmeriFleet CEO Rich Dennis said the decision by Tailwind to invest in the vehicle logistics business reflects confidence in their ability to grow AmeriFleet and MetroGistics “to new heights.”
“They believe strongly in what our two companies represent and believe the synergies between our two businesses will truly create a service offering unmatched within the vehicle logistics space,” Dennis said.
