Business & Investment

AIT Worldwide Logistics Acquires Select Express & Logistics

Freight carrier AIT Worldwide Logistics will acquire Select Express & Logistics, a New York City-based third-party logistics services (3PL) provider. The company said on Wednesday. The terms of the transaction have not been disclosed. Select Express & Logistics specializes in last mile delivery and assembly services for large and bulky consumer goods and commodities such as furniture, fitness equipment, appliances, outdoor appliances and accessories. According to AIT, the addition of Select allows AIT to provide seamless first-mile, middle-mile, and final-mile solutions for importing heavy and bulky goods into the United States. Select employs approximately 400 people in 60 locations and ships more than 1.7 million items annually. According to AIT, 3PL also has one of the largest networks of fitness equipment and outdoor structure assembly technicians in the United States, performing more than 600,000 assembly and repair jobs annually. The transaction is expected to close on December 17, making AIT the seventh acquisition since 2018. Earlier this year, AIT acquired Multimodal International, a customs broker, and Intelligent Logistics, a freight carrier.

AIT Worldwide Logistics Acquires Select Express & Logistics

https://www.dcvelocity.com/articles/53039-ait-worldwide-logistics-to-acquire-select-express-and-logistics AIT Worldwide Logistics Acquires Select Express & Logistics

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