Read Solis-Tigers_release_11.30.11_General_Release.pdf text version

PRESS RELEASE

Contact: Linda Ames, APR Ames & Associates 949.300.2545 [email protected]

Merger Creates New Global Player in the International Freight and Logistics Industry

NEWPORT BEACH, CA ­November 30, 2011 ­ Solis Capital Partners (Solis) today announced the merger of Kamino Logistics Group, Ltd. (Kamino), a Solis portfolio company headquartered in New York and London, with Hong Kong-based WLG, Inc. The resulting company, Tigers Ltd. (Tigers), has facilities throughout the United States, Europe, Asia and Australia. GeoPost S.A. (GeoPost), a multibillion dollar provider of express business-tobusiness services globally, and Europe's largest express parcel carrier, also is participating in the merger as a finance partner and minority investor. GeoPost is a subsidiary of La Poste Group in France, the $28.3 billion postal and banking conglomerate. "This is an ideal combination," said Dan Lubeck, Managing Director of Solis. "The merger brings significant operating synergies, expanded service offerings, better purchasing leverage, and highly complementary management teams. Although strong individually, these companies are without question far more powerful and effective together. This, along with GeoPost in our corner, makes us very excited about Tigers' future." The merger positions Tigers to deliver its services to customers throughout the world. While capable of servicing customers of any size, Tigers will continue to focus on supply chain solutions for middle and upper middlemarket companies including freight forwarding, customs brokerage, valueadded warehousing and specialized distribution. "We look forward to supporting Tigers in its development," said GeoPost Chairman Paul-Marie Chavanne. "Its deep experience and extensive network of facilities in Asia, Europe, Australia and the United States position Tigers to become one of the great global providers of freight and logistics

services. We expect Tigers will grow organically and through strategic acquisitions." With 48 locations throughout the world, Tigers provides a full complement of freight and logistics-related services. Both Kamino and WLG have operated for more than 40 years. Headquartered in Hong Kong, Tigers will have consolidated 2011 revenues of approximately US$520 million. "Tigers has tremendous depth and experience delivering freight and logistics solutions throughout the world, particularly in China, Europe, USA and Australia," said Tigers CEO Andrew Jillings. "Both WLG and Kamino customers will benefit from Tigers' expanded network and logistics capabilities. With our combined team, and GeoPost's support, Tigers has much to look forward to." Kamino Logistics Group, Ltd. was founded in 1969 and provides integrated supply chain services. Together with its extensive network of agent partners, Kamino provides a full menu of supply-chain services including freight forwarding, customs brokerage, value-added warehousing and specialized distribution. Solis acquired a controlling interest in Kamino in 2006. WLG, Inc., (formerly Wako Logistics Group, Inc.), founded in 1969, is a licensed international freight forwarder, logistics consultant and Non-Vessel Operating Common Carrier (NVOCC) with tariff authority worldwide. WLG's services include a full range of transportation and logistics services supported by premier IT capabilities and industry leadership in customs brokerage, regulatory compliance and security. GeoPost S.A., a multibillion dollar subsidiary of La Post Group, is a provider of express business-to-business services globally and Europe's largest express parcel carrier. Solis Capital Partners is a lower middle-market private equity firm located in Southern California. Focusing on leadership and business fundamentals, Solis prefers business service, manufacturing and value-added distribution companies in large, highly fragmented markets. Solis consistently has generated superior investment returns through multiple business cycles. The firm is actively investing through its second fund, Solis II. For additional information, see www.soliscapital.com.

#-#-#

Information

3 pages

Report File (DMCA)

Our content is added by our users. We aim to remove reported files within 1 working day. Please use this link to notify us:

Report this file as copyright or inappropriate

1250403


You might also be interested in

BETA