Abry Partners-backed FLS acquires Scott Logistics


Photo courtesy of Scott Logistics Corp

FLS Transportation Services Ltd has acquired Scott Logistics Corp, a Rome, Georgia-based freight broker providing personalized transportation solutions across the United States.

No financial terms were disclosed.

FLS, a Montréal-based cross-border third-party logistics provider, said the deal will expand its scale and density in the fragmented truckload brokerage space.

It will also increase the company’s U.S. operational presence, adding eight branches and five agent locations.

Established in 1987, FLS was recapitalized in 2016 by Abry Partners, a U.S. private equity firm.

PRESS RELEASE

FLS Transportation Acquires Scott Logistics Corp.

Cross-Border Heavyweight Expands its Scale and Density Across the U.S. With  Strategic Acquisition.

Highlights:

Acquisition expands FLS’ footprint in the United States

New & existing customers of both companies immediately benefit from wider portfolio of services, larger carrier network and greater coverage

Solidifies FLS’ position as Top 15 3PL

February 14, 2019 (Montreal, QC) – Leading cross-border third-party logistics provider (3PL), FLS Transportation Services Limited (‘’FLS’’) announced today that it has acquired Georgia based Scott Logistics Corp. (“Scott”). This acquisition is set to expand the company’s scale and density in a highly fragmented TL brokerage space further asserting its position as a top 15 3PL in North America.

Founded in 1993 and headquartered in Rome, Georgia, Scott leverages its 21 years of experience and its extensive carrier network to provide personalized transportation solutions to the 48 contiguous United States.

“Scott Logistics is one of the fastest growing 3PLs in our space,” said John Leach, FLS Chief Executive Officer. “Scott’s focus to deliver true value for its customers stems from its people, processes, and technology. The combination of FLS’s 30-year cross-border expertise with Scott’s deep U.S. carrier network will significantly increase our scale and coverage in the highly fragmented Truck Load brokerage space.”

Currently, FLS services its clients through ten branches across United States and Canada. Scott’s acquisition, which is a key part of the company’s growth strategy, will add eight branches and five agent locations to its portfolio further strengthening its operational presence in the U.S.

“This acquisition creates a 3PL with revenues of approximately $500 million USD and will provide a solid foundation to further accelerate our industry leading growth,” said Leach.

Scott, ranked among Transport Topics’ list of Top 50 Freight Brokerage Firms in the U.S., has a strong existing customer base who stand to benefit from FLS’ three decades of logistics and transportation experience and vast portfolio of services.

“We found an excellent partner with FLS Transport to deepen our current market position in the U.S. and enter the attractive Canadian market. This combination allows us to offer our customers an expansion of geographies and enhanced capabilities by integrating with FLS Transport’s suite of services,” said Jay Matthews, President of Scott Logistics. “This partnership solidifies the commitment that Diane Manis made to excellence in customer service when she started Scott Logistics 24 years ago. It is exciting to keep her legacy ongoing through this alignment with the FLS team.”

Terms of the transaction were not disclosed.

About FLS Transportation Services (www.flstransport.com)

FLS Transportation Services is the #1 3PL for cross-border freight. Founded in 1987 in Montreal, Canada, FLS has 10 offices across the U.S. and Canada and is recognized among the Top 50 Freight Brokerage Firms in North America. Through a network of 12,000 carriers and 300,000 trucks, FLS delivers consistent value to its customer base which ranges from Fortune 500 companies to small businesses. In addition to cross-border expertise, the company’s portfolio of services includes dry van, temperature control, LTL, intermodal, bulk, drayage, project logistics and freight management.

About Scott Logistics Corp. (www.scottlogistics.com)

Scott Logistics Corp. is based in Rome, Georgia. As a freight broker, Scott matches empty trucks with available loads of freight all over the country. Services include truckload, dry and refrigerated, LTL (Less than a truckload), intermodal, over dimensional, heavy haul, and EDI (Electronic Data Interchange) capability. The company serves the contiguous 48 states. Customers include 30 of the Fortune 500 companies.

Inquiries

For more information about this press release, contact:

Tim Muenchen

Vice President of Sales & Marketing

855-297-9197/[email protected]

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