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Jin Jiang International Holdings Co., Ltd

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BG Strategic Advisors Announces that Jin Jiang International Has Completed the Acquisition of BGSA Client YRC Worldwide Inc.’s 50% Interest in JHJ International Transportation

West Palm Beach, FL – March 31, 2016 – BG Strategic Advisors (BGSA) is pleased to announce that Jin Jiang International Holdings Co., Ltd. (Jin Jiang International), through its subsidiary Balance Global Limited, has completed the acquisition of BGSA client YRC Worldwide Inc.’s (YRCW) 50% interest in JHJ International Transportation Co., Ltd., (JHJ). The purchase provides Jin Jiang International with 100% ownership of JHJ and completes YRCW’s strategy of divesting non-core international assets. The sale represents BGSA’s first sale of a mainland Chinese company.

In July 2011, YRCW management implemented strategies focused on increasing profitability in its North American less-than-truckload ground transportation business. In 2012, YRCW divested non-core assets including its full truckload business and a China based trucking company. The sale of YRCW’s equity stake in JHJ to Jin Jiang Investment represents the last remaining non-core international asset in this series of divestitures.

JHJ is a mainland China-based asset-light 3PL and freight forwarder providing services including international ocean and air freight forwarding, warehousing, truck brokerage, customs brokerage, supply chain management, quality control, and other asset-light 3PL services. The Company increasingly specializes in the higher-margin segments of forwarding and logistics, including the transport of oversized project cargo, integrated warehouse operations, individually engineered transportation and logistics solutions, and complete supply chain integration. JHJ has over 1,200 employees and 77 client service locations in major Chinese cities such as Shanghai, Beijing, and Wuhan.

About YRCW

YRCW, headquartered in Overland Park, Kansas, is the holding company for a portfolio of less-than-truckload (LTL) companies including YRC Freight, YRC Reimer, Holland, Reddaway, and New Penn. Collectively, YRCW companies have one of the largest, most comprehensive LTL networks in North America with local, regional, national and international capabilities. Through their teams of experienced service professionals, YRCW companies offer industry-leading expertise in flexible supply chain solutions, ensuring customers can ship industrial, commercial and retail goods with confidence. YRCW is listed on the NASDAQ under the ticker YRCW.

About Jin Jiang International

Jin Jiang International is one of the leading travel and hospitality conglomerates in China, with revenue and assets of approximately USD 9 billion and 6 billion, respectively.

Jin Jiang International has three core businesses: hotel management and investment, tourist services, and transport and logistics. It holds directly/indirectly four listed corporations: Jin Jiang Hotels (2006 HK), Jin Jiang Development (A share 600754, B share 900934), Jin Jiang Investment (A share 600650, B share 900914) and Jin Jiang Travel (B share 900929).

Jin Jiang International has extensive business and equity partnership with prestigious hotel groups such as Marriott, Hilton, InterContinental, Fairmont Raffels, Accor as well as over two dozens of globally renowned corporations such as Japanese Mitsui, JTB, UK HRG, and Swiss Les Roches Hotel Management College.

Quality One Wireless Acquires PCD

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BG Strategic Advisors Announces that Quality One Wireless, LLC Has Acquired BGSA Client Personal Communications Devices, LLC

West Palm Beach, FL – October 22, 2013 – BG Strategic Advisors (“BGSA”) is pleased to announce that Quality One Wireless, LLC (“Q1W”), a global leader in wireless distribution, has acquired BGSA client Personal Communications Devices, LLC (“PCD”), a leading provider of wireless devices to service providers in the Americas for more than 25 years. The purchase completes Q1W’s “stalking horse bid” to acquire substantially all of the operating business assets of PCD through a sale under Section 363 of the U.S. Bankruptcy Code. The purchase price of the acquisition was in excess of $125 million, and the companies will operate under the Quality One Wireless brand.

“PCD’s products and market segments are an ideal fit for our global distribution channels,” said John Chiorando, President and Chief Executive Officer of Q1W. “Acquiring PCD allowed a natural extension of our core business, and will accelerate the product and market penetration strategies that benefit our global Telecom customers.”

The completion of the transaction unites two wireless industry leaders to provide carriers, OEM’s and other wireless technology partners with a rich array of distribution, go-to-market, and product life cycle solutions across the globe.

“This acquisition brings together very complementary capabilities and distribution channels to dramatically increase the overall value added to device makers, telecom carriers, and retailers alike,” said George Appling, President and CEO of PCD. “We are confident that it will result in an expanded customer base to include both the traditional Tier 1 carrier focus of PCD and the regional carrier and dealer focus of Quality One. Moreover, both companies have been aggressively growing their accessories and M2M businesses and that focus will continue.”

About Personal Communications Devices

A global gateway for its technology partners throughout the Americas, PCD provides both carriers and manufacturers a rich array of product life cycle management services that includes planning and development; inventory; technical testing; quality control; forward and reverse logistics; sell-in and sell-thru, marketing & warranty support.  Its extensive portfolio of high-quality and versatile wireless devices includes feature phones, smartphones, tablets, mobile hotspots, modems, routers, fixed wireless, M2M, GPS, and other innovative wireless connectivity devices and accessories.  PCD is based in Hauppauge, New York; and maintains operations facilities in Brea, California; and Toronto, Canada.

About Quality One Wireless

Quality One Wireless is a leading global distributor of wireless handsets, accessories, and communication equipment throughout North America, South America, and the Caribbean, providing one-point product and device solutions. The company specializes in customized solutions that include refurbishing, repair, and distribution of wireless devices. Collaborating with industry partners, our team develops optimum mobility strategies to maximize benefits and minimize your risks. We ensure satisfaction through innovative products and superior services.  Based in Orlando, Florida, Quality One Wireless offers complete solutions to wireless operators, MVNO’s, insurance providers, retailers, dealers, wholesalers, and e-commerce partners.

Echo Global Logistics Acquires Open Mile

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BG Strategic Advisors Announces that Echo Global Logistics, Inc. Has Acquired BGSA Client Open Mile, Inc.

West Palm Beach, FL – March 19, 2013 – BGSA is pleased to announce that Echo Global Logistics, Inc. (NASDAQ: ECHO), a leading provider of technology-enabled transportation and supply chain management services, has acquired BGSA client Open Mile, Inc., a truckload brokerage headquartered in Boston, MA.

Founded in 2010, Open Mile is a non-asset transportation service provider that combines high tech automation with freight management expertise to create superior shipping services for clients and carriers.

“Open Mile has developed leading edge, cloud-based technology that successfully automates many of the manual tasks of transportation management,” said Douglas R. Waggoner, Chief Executive Officer of Echo Global Logistics. “The acquisition of Open Mile enhances the technology solutions we offer clients and carriers while also expanding our client base, sales force and carrier network in the Northeastern United States.”

“Echo is the premier third party logistics firm in the transportation industry,” stated Evan Schumacher, CEO of Open Mile. “We look forward to joining the Echo team and contributing to the industry leading technology that drives their business.”

About Echo Global Logistics

Echo Global Logistics, based in Chicago, is a leading provider of technology-enabled transportation and supply chain management services. Echo maintains a proprietary web-based technology platform that compiles and analyzes data from its network of over 24,000 transportation providers to serve its clients’ transportation and supply chain management needs. Echo services clients across a wide range of industries, such as manufacturing, construction, consumer products and retail. For more information on Echo, visit: www.echo.com.

About Open Mile

Open Mile, based in Boston, is a non-asset transportation service provider that combines high tech automation with freight management expertise to create superior shipping services for clients and carriers. For more information on Open Mile, visit: www.openmile.com.

Liquidity Services Acquires NESA

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BG Strategic Advisors Announces that Liquidity Services, Inc. Has Acquired BGSA Client National Electronic Service Association (NESA)

West Palm Beach, FL – November 2, 2012 – BG Strategic Advisors is pleased to announce that Liquidity Services, Inc. (NASDAQ: LQDT) has acquired National Electronic Service Association (NESA) in an all-cash transaction. NESA is a Canadian provider of returns management, refurbishment and reverse logistics services for high-value consumer electronics, telecommunications, and information technology products. BG Strategic Advisors acted as the exclusive financial advisor to NESA in this transaction.

NESA, with nearly 130 employees, is headquartered in Toronto, Ontario and establishes Liquidity Services’ first client service and distribution center in Canada while enabling the company to cross-sell services with existing and prospective clients in both the U.S. and Canada. NESA’s current service offering is supported by NESA Live, a cloud based application that supports returns management, repair and refurbishment services in hundreds of product categories, including satellite TV boxes, laptops, game consoles, tablets, and e-books.

“With the proliferation of technology causing complexity and shorter life cycles across thousands of products, our comprehensive reverse logistics solution, encompassing returns management, refurbishment and multi-channel disposition and re-sale services, enables us to reduce costs and increase recovery value for retailers and OEMs,” said Bill Angrick, Chairman and CEO of Liquidity Services. “We are delighted to add NESA’s experienced team to our business and look forward to providing NESA’s client base the opportunity to utilize our existing multi-channel asset recovery services for surplus and refurbished consumer electronics and technology products. The Liquidity Services solution leverages over 2.2 million global buyers and our experience completing the sale of over $3.0 billion in Gross Merchandise Volume.”

“We are excited to join Liquidity Services and combine our respective services to create a comprehensive reverse logistics solution for electronic and technology products,” said Dominic Renda, President and Founder of NESA. “Liquidity Services brings us a leading market position, expertise and resources to help NESA reach the next level, representing an even brighter future for our growth, innovation and value for our clients and employees.”

Liquidity Services expects the transaction to be $0.02 to $0.03 cents accretive to its fiscal year 2013 earnings results.

About NESA

Founded in 1986 in Toronto, NESA provides comprehensive reverse and forward logistics solutions, procurement, repair, refurbishment and remanufacturing services to leading electronics manufacturers, distributors and service providers in Canada through a distributed national service network. NESA’s mission is to provide repair and warranty services for electronic products, as well as refurbishment and re-manufacturing for a full range of consumer and business electronic products. Located in Toronto, Ontario, NESA and its team of nearly 130 employees are proud of their 26-year history of service excellence serving corporate and consumer clients across Canada. Additional information can be found at www.nesacanada.com.

About Liquidity Services

Liquidity Services, Inc. (NASDAQ: LQDT) provides leading corporations, public sector agencies and buying customers the world’s most transparent, innovative and effective online marketplaces and integrated services for surplus assets. On behalf of its clients, Liquidity Services has completed the sale of over $3.0 billion of surplus, returned and end-of-life assets, in over 500 product categories, including consumer goods, capital assets and industrial equipment. The company is based in Washington, D.C. and has nearly 1,200 employees. Additional information can be found at www.liquidityservicesinc.com.

Waste Management, Inc.

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BG Strategic Advisors Announces that Waste Management, Inc. Has Acquired BGSA Clients Access Computer Products, Inc. and Mordell, L.L.C.

West Palm Beach, FL – August 2, 2011 – BG Strategic Advisors is pleased to announce that Waste Management, Inc., the leading provider of comprehensive waste management services in North America, has acquired Access Computer Products, Inc. and Mordell, L.L.C., two leading providers of reverse logistics and remarketing services for cell phones, ink and toner cartridges, and computers.  BG Strategic Advisors acted as the exclusive financial advisor to Access Computer Products and Mordell in this transaction.

Access Computer Products and Mordell, with 110 employees, are headquartered in Loveland, Colorado.

About Access Computer Products and Mordell

Access Computer Products and Mordell, based in Loveland, Colorado, are two leading providers of reverse logistics and resale services for cell phones, ink and toner cartridges, and computers. For more information about the companies visit www.accessftc.com and www.mordell.net.

About Waste Management

Waste Management, Inc., based in Houston, Texas, is the leading provider of comprehensive waste management services in North America. Through its subsidiaries, the company provides collection, transfer, recycling and resource recovery, and disposal services. It is also the largest residential recycler and a leading developer, operator and owner of waste-to-energy and landfill gas-to-energy facilities in the United States. The company’s customers include residential, commercial, industrial, and municipal customers throughout North America. To learn more information about Waste Management visit www.wm.com or www.thinkgreen.com.

Chick Companies Merges with Nefab AB

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BG Strategic Advisors Announces that BGSA Client Chick Companies Merges with Nefab AB

Palm Beach, FL – September 17, 2010 –BG Strategic Advisors is pleased to announce that BGSA client Chick Companies, a leading provider of wood-based industrial packaging solutions, has agreed to merge with Nefab AB, a global leader of expendable and reusable packaging products.

Chick Companies is headquartered in Dallas, Texas and operates sites in California, Kentucky, Tennessee, Texas, Georgia, New Hampshire, New York, Pennsylvania, Massachusetts and Illinois with an additional facility in the European Port of Hamburg, Germany.

About Chick Companies

Chick Companies traces its origin to 1870, when it was founded as John F. Chick and Son, a lumber mill on the banks of Silver Lake in central New Hampshire. After World War II, this family-owned lumber business expanded into a retail lumber yard. In 1975, the family re-focused the business onto the production of industrial packaging and heavy skids.  Today, Chick serves multi-national customers around the US and the world in its sites around the country and in Germany.  For more information, please refer to www.chickpackaging.com.

About Nefab AB

Nefab AB, together with its subsidiaries, designs and manufactures industrial transport and custom packaging solutions for industrial groups in Sweden and internationally.  The company serves primarily telecommunications and automotive industries, as well as renewable energy industries and companies manufacturing transport-sensitive/theft-prone products. Nefab AB was founded in 1923 and is headquartered in Jonkoping, Sweden.  It has operations in Europe, North and South America, and Asia.  For more information, please refer to www.nefab.com.

About BG Strategic Advisors

BGSA is the leading M&A advisory firm focused on the logistics and supply chain industry.  The firm specializes in providing CEOs in the logistics and supply chain industry with the tools to maximize their company’s value.  BGSA has completed several well-known supply chain deals, including the sales of Converge to Arrow Electronics Inc., Dixie Warehouse Services and Wilpak Inc. to Jacobson Companies, the PWC Logistics acquisitions of Trans-Link and Transoceanic, the Churchill sale to BirdDog, the Raytrans sale to Echo Global, the Unicity sale to PBB, the Air-Road sale to Reliant Equity, and many others.  For more information, or to explore a sale, merger, acquisition, capital raise, or other strategic initiative for your company, please contact Managing Director Benjamin Gordon at (561) 932-1601 or email Benjamin@bgsa.com.

Arrow Electronics Inc.

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BG Strategic Advisors Announces Arrow Electronics Inc. to acquire PCG Parent Corp. (d/b/a Converge)

Palm Beach, FL – April 6, 2010 – BG Strategic Advisors is pleased to announce that Arrow Electronics Inc., a global distributor of electronic components and enterprise computing products, services and solutions, has agreed to acquire PCG Parent Corp. (d/b/a Converge), a leading provider of reverse logistics services for electronics manufacturers and electronic component suppliers.  BG Strategic Advisors acted as the exclusive financial advisor to PCG Parent Corp. in this transaction.

PCG Parent Corp., with 350 employees, is headquartered in Peabody, Massachusetts, with offices in Columbus, Ohio, Singapore and the Netherlands and support centers throughout Europe, the United States and Asia.

The transaction is subject to regulatory approval and is expected to close in May, 2010.

About PCG Parent Corp. (d/b/a Converge)

Converge provides a leading set of reverse logistics solutions and end-of-life asset disposal solutions to a broad set of electronic manufacturers and electronic component suppliers.  The company distinguishes itself by providing sophisticated solutions globally with a high degree of visibility and secure chain of custody.  For more information, visit www.converge.com.

About Arrow Electronics Inc.

Arrow Electronics is a global provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions.  Headquartered in Melville, NY, Arrow serves as a supply channel partner for over 900 suppliers and 125,000 original equipment manufacturers, contract manufacturers and commercial customers through a global network of more than 310 locations in 51 countries and territories.

About BG Strategic Advisors

BG Strategic Advisors (“BGSA”) acted as the exclusive financial advisor to PCG Parent Corp. on this transaction.  BGSA is the leading M&A advisory firm focused on the logistics and supply chain industry.  The firm specializes in providing CEOs in the logistics and supply chain industry with the tools to maximize their company’s value.  BGSA has completed several well-known supply chain deals, including the sales of Dixie Warehouse Services and Wilpak Inc. to Jacobson Companies, the PWC Logistics acquisition of GeoLogistics, the Churchill sale to BirdDog, the Raytrans sale to Echo Global, the Unicity sale to PBB, the Air-Road sale to Reliant Equity, and many others.  For more information, or to explore a sale, merger, acquisition, capital raise, or other strategic initiative for your company, please contact Managing Director Benjamin Gordon (561) 932-1601, email ben@bgsa.com, or visit www.bgsa.com.

BGSA provides investment banking services through BG Strategic Advisors LLC, a registered broker-dealer and member of FINRA and the SIPC.

BirdDog Logistics

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BG Strategic Advisors Announces the Acquisition of Churchill Transport Group by BirdDog Logistics

Palm Beach, FL – November 5, 2009 – BG Strategic Advisors (“BGSA”) is pleased to announce that Churchill Transport Group, Inc. (“Churchill”), a privately-owned third-party logistics (3PL) provider based in Charlotte, NC, has been acquired by BirdDog Logistics, LLC (“BirdDog”). BG Strategic Advisors acted as the exclusive financial advisor to Churchill Transport Group in this transaction.

Boasting a seasoned team of professionals with decades of industry expertise and a strong customer base, Churchill Transport Group and its affiliate, CTG Financial, LLC represent an important strategic addition to BirdDog’s freight management business. “Churchill’s service offerings, customer service team, and strong customer base complement BirdDog’s business and will extend our ability to deliver best-in-class services to our customers,” said Richard Piontek, president, BirdDog Logistics. “The addition of Churchill further strengthens our position in the transportation market and advances BirdDog’s objective of helping our customers effectively purchase and manage freight across all modes of transportation. In addition, Churchill customers will now have access to BirdDog’s Transportation Spend Management services, including contract negotiation, freight bill audit and payment, and information management.”

“Combining teams and uniting our capabilities is a great growth opportunity for Churchill and will greatly benefit our customers and employees,” said Derek Skea, president, Churchill Transport Group. “We are excited to join the BirdDog team and look forward to continued growth and success.”

About BirdDog Logistics

BirdDog Logistics Services, LLC, provides freight management and brokerage services to shippers in need of reliable transportation solutions and to motor carriers with available capacity. Acting as an intermediary between the two, the company provides these services to shippers looking for carriers that will reliably meet their commitments at competitive transit rates. BirdDog Logistics Services, LLC, is a wholly owned subsidiary of BirdDog Solutions, Inc., and is headquartered in Andover, MA.

About Churchill Transport Group

Churchill Transport Group is a third-party logistics (3PL) provider available 24 hours a day to fulfill customers’ freight transportation and logistics needs. The company provides access to multiple transportation providers worldwide including Truckload, Less-than-Truckload, Rail, Ocean, Air, and Courier carriers. Based in Charlotte, NC, the company has been serving the market since 2001. Also based in Charlotte, NC, Churchill’s subsidiary, CTG Financial, LLC, is a leading provider of receivables factoring for carriers, offering services for managing billing, receivables, collections, and funding.

Amerijet International, Inc.

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Amerijet Announces Acquisition of Majority Interest in Nations Express, a BGSA Client

Palm Beach, FL – July 3, 2009 – Amerijet International, Inc. (“Amerijet”) today announced its acquisition of a majority interest in Nations Express, a BG Strategic Advisors (“BGSA”) client and nationwide express trucking company based in Charlotte, North Carolina. Nations Express operates a fleet of approximately 200 trucks in a unique express charter truck service. BGSA served as an advisor to Nations Express.

John R. Nash, CFO of Amerijet stated, “Nations Express represents a company doing all the right things, at the right time, and a company we believe is a unique fit with Amerijet and our global logistics services. We believe our two companies service customers who desire specialized services and that our products, whether combined or sold separately, will be valuable to each of our customers.”

William R. Frazier, Nations Express President and CEO, further added, “The investment by Amerijet will provide the additional capital necessary for the company to take advantage of a number of exciting growth opportunities in the ground freight transportation industry as well as new freight service opportunities offered by Amerijet. We look forward to working with the professional management team associated with Amerijet.”

About Nations Express
Nations Express was founded in 1998 in Charlotte, North Carolina to handle time critical freight with a focus on personal customer service. Today, Nations Express is a global transportation company with 20 locations across the United States and agent partners around the world. The company’s customer service focus, technology, and broad range of transportation services allow it to find optimal solutions for time critical shipments. For more information on Nations Express, visit www.nationsexpress.com.

Raytrans Distribution Services, Inc.

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BGSA Announces the Acquisition of Raytrans Distribution Services, Inc. by Echo Global Logistics, Inc.

Palm Beach, FL – June 10, 2009 –BG Strategic Advisors (“BGSA”) is pleased to announce that Raytrans Distribution Services, Inc. (“Raytrans”), a transportation brokerage firm based in Matteson, Illinois, has been acquired by Echo Global Logistics, Inc. (“Echo”), a technology-driven transportation management firm. BGSA acted as the exclusive financial advisor to Raytrans Distribution Services in this transaction.

James Ray, Jr. founded Raytrans Distribution Services in 2000. Raytrans’ network of skilled transportation professionals and carriers specializes in flatbed, over-sized, auto-haul and other specific services as well as traditional dry van brokerage. Effective immediately, Raytrans Distribution Services will begin doing business as Echo Global Logistics, Inc.

“We are excited to join the Echo team,” said James Ray, Jr., who will continue as General Manager of the Raytrans Division of Echo Global Logistics. “Raytrans’ specialization and carrier base in combination with Echo’s technology-enabled procurement capabilities and additional modes of transportation will yield significant customer benefits.”

“We are enthused about the value that the partnership between Echo and Raytrans will deliver to our clients,” said Doug Waggoner, Chief Executive Officer of Echo Global Logistics. “Echo will benefit from Raytrans’ focus and additional scale, while the Raytrans operation will gain from Echo’s technology and mode diversification.”

About Raytrans Distribution Services
Raytrans Distribution Services provides transportation brokerage services to shippers in the United States, Mexico, and Canada. The company distinguishes itself by providing sophisticated shipping solutions in multiple specialized markets such as the transport of over-dimensional loads, non-domestic automobiles, North American international shipments, and other flatbed truckload services. For more information, visit www.raytrans.com.

About Echo Global Logistics
Privately-held Chicago-based Echo is a technology-driven transportation management outsourcing firm which helps clients reduce their transportation spend. Echo’s enterprise and transactional clients range from small businesses to Fortune 100 companies. Echo’s transportation management solutions deliver cost savings through proprietary access to unparalleled transportation market data, custom-built world-class technology, a “best cost” global labor platform, an extensive nationwide network of carriers, and buying leverage resulting from the aggregated spend on behalf of Echo’s clients. For more information on Echo, visit: www.echo.com.