AIT Worldwide Logistics acquires U.K. residential delivery trailblazers, Panther Logistics
Purchase deepens AIT’s e-Commerce home delivery expertise, grows global footprint
ITASCA, ILLINOIS (Nov. 24, 2020) – Supply chain solutions leader AIT Worldwide Logistics today announced the acquisition of Panther Logistics, a U.K. firm with expertise in e-Commerce residential transportation logistics, specializing in white glove and two-man delivery.
“I’m proud to share that, even in these challenging times, AIT continues to execute on our strategic growth plans, adding valuable teammates, knowledge and physical locations to our global network with carefully planned acquisitions,” said AIT President and CEO, Vaughn Moore. “Beyond that, I’m thrilled to join forces and welcome each of the skilled professionals at Panther into the AIT team.”
This latest acquisition by AIT adds more than 400 people across eight U.K. locations to the company’s global network. It follows AIT’s purchase of Los Angeles-based freight forwarder Unitrans International Corporation last year, and the 2018 acquisitions of food logistics forwarder WorldFresh Express and U.K.-based ConneXion World Cargo.
“The team of logistics experts at Panther is renowned in the United Kingdom for their commitment to providing fast, quality home delivery services,” said AIT Chief Operating Officer, Keith Tholan. “It was clear very quickly that bringing the experts at Panther into the AIT network would be a boon for our customers looking for affordable, flexible and reliable residential options—particularly for e-Commerce deliveries, as that market continues to boom.”
Panther Executive Director, Colin McCarthy, said his team is delighted to head into a bright future as part of AIT.
“For more than 30 years, we’ve helped businesses provide their customers with best-in-class delivery options and unbeatable flexibility, and we’re excited to continue that tradition on an even grander scale as part of AIT’s expansive global network,” McCarthy added.
Terms of AIT Worldwide Logistics’ deal to acquire Panther have not been disclosed.