New Orleans, LA April 4, 2007 Legacy Capital today announced that its client, WTS of Houston, Inc., (WTS), and its sister company, World Transportation Services, Inc., (Global Express Line) were acquired by Agility (formerly PWC Logistics), a leading global provider of integrated supply chain solutions. With more than 20,000 employees and over 450 offices located in 100 countries around the world, Agility offers a comprehensive network of supply chain solutions, freight management, project forwarding and specialized logistics services.
WTS is a global logistics company and employs approximately 125 staff members. Global Express Line is a Non Vessel Operating Common Carrier (NVOCC). Both companies are based in Houston, Texas and have been privately owned since WTS’s founding in 1980 and Global’s 1982 incorporation. A leader in international transport logistics for almost 30 years, WTS has demonstrated solid capabilities in project forwarding especially in the oil and gas industry.
Gregory Rusovich, President of Agility Project Logistics, explained: “At Agility we have lived up to our new name with the fast pace at which we are growing our network and portfolio of services worldwide. The acquisition of WTS further solidifies our Project Logistics operations; particularly in the global energy sector. Without question, WTS brings to the fold the highest level of expertise, knowledge, experience, and the ever-critical commitment to service excellence. Our partnership with WTS also enforces our commitment to providing the highest level of personal service to our valued customers. WTS is the right choice at the right time to bring even greater dimension and enhanced synergy to the Agility Project Logistics division.”
The WTS Group provides project and consumer goods forwarding and NVOCC services to customers that are complementary to those served by Agility. By becoming a part of Agility, WTS leverages the growth opportunities Agility offers through its worldwide network. Following the acquisition, WTS and Global will continue to operate under the current management under the Agility enterprise umbrella.
The Shareholders of the WTS Group stated: “WTS is extremely excited to join the Agility family. WTS and Agility share the same core values with a commitment to providing excellent service to meet their customer’s diverse needs, with a true appreciation of the value their employees bring to the organization. WTS is proud to join forces with an industry leader reputed for its loyalty to customers and employees, service excellence and the highest level of integrity. Together we will offer highly experienced, unparalleled project logistics services to customers globally.”
About Legacy Capital
Legacy Capital (www.legacycapital.com) offers unparalleled investment banking services to private companies, specializing in mergers and acquisitions and private placements. The firm’s experienced team of professionals is dedicated to providing comprehensive representation and advisory services across a broad range of industries. Legacy Capital creates solid relationships with its clients through personalized service and by delivering exceptional results. Legacy Capital was founded in 1994 and is based in New Orleans, Louisiana. For more information, please contact Managing Directors Marianne Van Meter or Chip Porter at 504.837.3450.