TORONTO, Sept. 18, 2013 /CNW/ - Wheels Group Inc. ("Wheels or the "Company") (TSXV: WGI), a leading North American non-asset third party logistics (3PL) provider, has acquired BBL Worldwide ("BBL"), a non-asset 3PL company providing specialized cross border truck brokerage services.
Founded in 1999, BBL is headquartered in Etobicoke, Ontario and has annual revenues of approximately $4 million. With this acquisition, Wheels adds additional cross border lanes while expanding its sales organization and customer relationships. BBL customers will benefit from Wheels' broad suite of services which includes both highway and rail solutions. Effective immediately, BBL will begin doing business as Wheels.
"This tuck-in acquisition is consistent with our strategy of acquiring small to medium sized highway brokerages that can be quickly integrated into Wheels' existing operations while expanding our customer base and sales capabilities," said Doug Tozer, Chief Executive Officer of Wheels. Mr. Tozer added, "we will continue providing the exceptional level of service BBL customers expect while leveraging Wheels' full range of transportation solutions to expand these relationships."
Founded in 1988, Wheels is a leading North American 3PL, supply chain logistics provider. As a non-asset provider, the Company develops advanced supply chain solutions delivered through its qualified partner network of over 6,000 truck, rail, air and ocean carriers. Wheels serves consumer goods, food and beverage, manufacturing and retail clients through 26 offices throughout the US and Canada. Wheels has been named one of Canada's 50 Best Managed Companies since 1997, Platinum since 2003. Wheels has been named one of North America's Top 100 Third-Party Logistics ("3PL") Companies, one of the Top 100 Food 3PL's and one of the Top Five IMC's (intermodal marketing companies).
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SOURCE: Wheels Group Inc.
For further information:
Patrick J Marshall
VP Corporate Development & Investor Relations
Tel: (905) 602-2700