FitzMark’s latest broker acquisition adds trade show logistics capabilities
Broker FitzMark has acquired United Transportation Services, which specializes in third-party logistics for trade shows. The post FitzMark’s latest broker acquisition adds trade show logistics capabilities appeared first on FreightWaves.
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Freight broker FitzMark announced it has acquired United Transportation Services, a broker specializing in trade show logistics. Founded in 1998, Aurora, Colorado-based UTS is a full-service 3PL focused on the retail and hospitality industries.
It provides dry van, refrigerated, flatbed and specialty truckload transportation as well as packaging, warehousing and white-glove delivery services. Financial terms of the transaction were not disclosed. The deal closed on Tuesday.
“Today marks an exciting new chapter— with the national support and strength of the FitzMark platform, we look forward to expanding capacity and service offerings while growing our shipper community together,” said Bruce Parsons, CEO and president of UTS. window. googletag = window. googletag || {cmd: []}; googletag. cmd.
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The company is backed by private equity firm Calera Capital. The deal marks 11 acquisitions for FitzMark since opening in 2006. “We are excited and fortunate to welcome Bruce and the UTS team to FitzMark,” said Scott Fitzgerald, FitzMark founder and CEO, in a news release.
“UTS and FitzMark have built businesses around many similar core values and we look forward to supporting UTS as it continues to grow.” Why it matters? FitzMark’s acquisition of UTS diversifies its 3PL portfolio by integrating high-touch trade show logistics and expanded warehousing services.
This strategic move marks FitzMark’s 11th acquisition since 2006, highlighting a broader industry trend of scaling through consolidation. More FreightWaves articles by Todd Maiden: Bankrupt Yellow Corp. settles remaining pension claims for $526M August’s manufacturing PMI dips to 54.
6; supply chain constraints persist Transportation capacity contraction slows in August The post FitzMark’s latest broker acquisition adds trade show logistics capabilities appeared first on FreightWaves.
Original Source
This briefing is based on reporting from Freightwaves. Use the original post for full primary-source context.
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