Logisyn Represents GFE in Sale to Allstates WorldCargo
Logisyn Advisors was honored to play an integral part in representing Ground Freight Expeditors (GFE) in their sale to Allstates WorldCargo (AWC), which is backed by an investment from Clarendon Capital. GFE is a leading provider of time-sensitive, high-value freight forwarding and logistics services in the United States with headquarters located in the Midwest. Their specialized service offerings give the company an advantage in capitalizing on growth in its core markets and expanding into adjacent end markets, making them an ideal partner for increasing AWC’s customer base.
Anthony Paris, CLO of Paris Brothers, the owners of GFE, described his overall experience by saying, “I’ve known Cris Arens for many years, so when it came time to sell, Logisyn was the clear choice. Throughout the process, Jan, Tom and the rest of the Logisyn team handled each step efficiently, making for a smooth transaction. Their approach to market mapping was thorough and we are confident that Allstates WorldCargo is the optimal buyer for the future of GFE.”
Based in New Jersey, Allstates WorldCargo is a renowned worldwide transportation company, dedicated to delivering superior service to their customers. With the financial backing of Clarendon, AWC will provide the infrastructure, support and resources needed to execute GFE’s growth strategy. Through their complementary service offerings, the combined companies will have an expanded reach with customers, end markets and geographies.
Allstates WorldCargo wrote “We are impressed with the business that the owners and management team have built, and we firmly believe that GFE is well positioned to build on its position in the market as part of AWC. We believe that we can be supportive partners to the management team as they continue to grow the business.”
Clarendon Capital commented, “We recognize that this transaction is a particularly important step for the owners and are confident that we can help manage the business in a way that respects the culture and reputation of the Company that current owners have worked so hard to build. We feel that the existing GFE management team has been critical to the success and culture of the Company and we are excited to help GFE realize its full potential.”
Per Logisyn Advisors’ Engagement Director Tom Gujda, “Logisyn is proud to have brought these distinguished companies together. It was a pleasure to represent our client, Paris Brothers, who were the owners of GFE, as both organizations comprise high caliber individuals who have created very successful businesses. Working with Allstates WorldCargo and their investor, Clarendon Capital, through the rigorous diligence process, exemplified their professionalism and commitment from the preparation phase through to the final close. Thanks to the outstanding teams on both sides, our team was able to manage a strong process with a mutually beneficial solution. We have full confidence that Allstates WorldCargo will provide a perfect home for the employees and customers of GFE.”
As former entrepreneurs, we understand that selling your business is the hardest decision a business owner will ever make. Our team believes in a hands-on process with all of our clients. We consider ourselves to be logistics matchmakers and work hard to deliver an optimal solution and strategic fit that will hit all of your goals, while still maximizing your company’s value.
