FitzMark buys trade show logistics broker UTS in 11th deal since 2006
What's the deal? Freight broker FitzMarkDealroom has a profile for this one. Try Dealroom → has acquired United Transportation Services (UTS)Dealroom has a profile for this one. Try Dealroom →, a broker specialising in trade show logistics. The deal closed on Tuesday; financial terms were not disclosed.
Who's involved? Indianapolis-based FitzMark provides brokerage services and a proprietary transportation management system (TMS) to more than 3,000 shippers and 25,000 carriers. It is backed by private equity firm Calera CapitalDealroom has a profile for this one. Try Dealroom →.
Founded in 1998, Aurora, Colorado-based UTS is a full-service third-party logistics (3PL) provider focused on retail and hospitality. It offers dry van, refrigerated, flatbed, and specialty truckload transportation, plus packaging, warehousing, and white-glove delivery.
What's the endgame? The acquisition adds high-touch trade show logistics and expanded warehousing to FitzMark's portfolio. "We look forward to supporting UTS as it continues to grow," said Scott Fitzgerald, FitzMark founder and chief executive officer.
UTS chief executive officer and president Bruce Parsons said the company can now "expand capacity and service offerings while growing our shipper community together."
The signal: This is FitzMark's 11th acquisition since it opened in 2006, reflecting a broader push to scale freight brokerage through consolidation.
Read more: finance.yahoo.com
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