Palm Beach, F.L. January 29, 2021 — BG Strategic Advisors (“BGSA”) is pleased to announce that Werner Enterprises, Inc. (NASDAQ: WERN) (“Werner”) has sold its Werner Global Logistics (“WGL”) freight forwarding services for international ocean and air shipments to Scan Global Logistics Group (“SGL”).
WGL, headquartered in Omaha, Nebraska, and with operations in the United States, Mexico, and China, offers comprehensive freight forwarding services for international ocean and air shipments to and from approximately 130 countries.
“After working with the SGLT team and understanding their core values and capabilities, I am excited for WGL’s international customers, associates and transportation partners worldwide,” said Werner’s Vice Chairman, President and Chief Executive Officer Derek Leathers. “We are proud of the global operation WGL has built and are confident it will continue to succeed as part of the SGL family. Going forward, we remain committed to our North American logistics capabilities in truck brokerage, freight management, intermodal and final mile services.”
Werner will continue to focus its resources, talent, and technology by providing superior truckload and logistics services in North America. “Innovative solutions in logistics have been our focus for over three decades,” said SGL’s North American Chief Operating Officer – International Julien Ranzato. “Werner’s established culture, leadership, network and core values are a great fit for us, and we look forward to continuing and expanding our relationship with Werner on international and domestic business opportunities that will result from this strategic partnership.”
BGSA acted as exclusive sell-side financial advisor to Werner.
About Werner Enterprises, Inc.
Werner was founded in 1956 and is a premier transportation and logistics company, with coverage throughout North America. Werner maintains its corporate headquarters in Omaha, Nebraska, and maintains offices in the United States, Canada and Mexico. Werner is among the five largest truckload carriers in the United States, with a diversified portfolio of transportation services that includes dedicated; medium-to-long-haul, regional and expedited van; and temperature-controlled. The Werner Logistics portfolio includes North American truck brokerage, freight management, intermodal and final mile services. werner.com
About Scan Global Logistics Group
Scan Global Logistic Group has been in the international freight forwarding business since 1975 and is headquartered in Denmark, with North American headquarters in Seattle, WA, USA. SGL’s business activities focus on international freight-forwarding services worldwide primarily by air and sea, with supporting IT, logistics, warehousing and road services. The SGL Group maintains offices in 30 countries on 6 continents. SGL’s main focus is to create solutions to complex logistics challenges. www.scangl.com
BGSA Holdings LLC is a leading M&A advisory firm focused on the logistics and supply chain industry. The firm specializes in helping outstanding transportation and logistics companies to maximize value through mergers and acquisitions. BGSA has worked with major supply chain companies including NFI, UPS, DHL, Echo Global Logistics, New Breed (now XPO), GENCO (now FedEx), Converge (now Arrow Electronics), Wilpak (now Jacobson), and others. BGSA is also affiliated with Cambridge Capital, a leading private equity firm investing in supply chain and technology companies. For more information, please visit www.BGSA.com.
BGSA provides investment banking services through BGSA LLC, a registered broker-dealer and member of FINRA and the SIPC.