Pilot Freight Services' next acquisition
Pilot Freight Services (Pilot), a transportation and logistics provider with 96 locations in North America and several locations in Western Europe and Asia-Pacific, has acquired the company’s Kansas City franchise. The station and employees were integrated into Pilot’s organisation effective 1 April.
The company, whose freight forwarding services include air, ground and ocean transport, is backed by ATL Partners and British Columbia Investment Corporation (BCI). Since 2017, Pilot has acquired 29 franchise locations and now manages over 90% of the stations in the Pilot network.
Founded in 2014, ATL Partners is a private equity firm that invests in aerospace, transport and logistics companies. With CAD 171.3 billion of managed assets as of 31 March 2020, BCI is a provider of investment management services to British Columbia’s public sector and one of Canada’s largest asset managers. (sh)