Magnate Worldwide acquires Premium Transportation Logistics
PTL will benefit from Magnate’s senior management team's combined experience of 75-plus years.
Magnate Worldwide, Oakbrook Terrace, Ill., acquired Premium Transportation Logistics (PTL), Toledo, Ohio, to continue serving the ground expedite market in North America.
"PTL is excited to take the next step in its growth while continuing to provide the high service levels that our customers demand," says Jeff Curry, president of PTL.
"PTL is a great company with a great future. We look forward to continuing the partnership, in its new form, and utilizing PTL for our expedited service needs," adds Dante Fornari, chief executive officer of Magnate Worldwide.
PTL will benefit from Magnate’s senior management team's combined experience of 75-plus years. Jeff Curry is a veteran of both the finance and transportation industries, previously serving as president of Express-1, which was acquired by XPO Logistics in 2011, where he oversaw three locations with 120 employees and 700 independent contractors and managed over $100 million in revenue.
Keith Avery and Brad Kelley maintain decades of experience in expedited trucking. Avery is former vice president of Express-1 and current manager of operations at PTL. Kelley will join PTL to continue increasing the company's sales efforts as PTL expands its geographic footprint.
PTL will also have an advisory board that includes Mike Welch, former chief executive officer of Express-1 CEO; Jim Welch, former chief operating officer of Express-1; and John Welch, former chief financial officer of XPO Logistics.