ITS Technologies & Logistics LLC Announces Purchase of ConGlobal Industries
(Tinley Park, Illinois, December 31, 2013)
ITS Technologies & Logistics, LLC (ITS) announced today that it has acquired ConGlobal Industries, Inc. (CGI).
CGI will continue to operate under the ConGlobal brand and will maintain all its current depot locations. According to a company spokesperson, all parties have carefully engineered the transaction to ensure that ConGlobal customers will not experience any changes in the handling of their accounts, operations, or services they currently receive from ConGlobal. ITS is a leading provider of rail intermodal terminal services. With 60 locations in the U.S. and two locations in Mexico, ITS handles more than 6 million lifts annually and has approximately 2,000 employees. ITS customers are among North America’s largest railroad and intermodal service providers.
“ITS purchased ConGlobal for its leadership position in the intermodal equipment maintenance and repair sector and exceptional customer service,” said Dwight Johnson, President and CEO of ITS. “We are eager to see both companies grow and create synergies and efficiencies as a result of the acquisition for our customers, employees and shareholders.”
“ConGlobal sees this acquisition as a tremendous opportunity for the company to be aligned with one of North America’s top intermodal suppliers,” said Mike Baldwin, President and CEO of ConGlobal Industries. “CGI and ITS complement each other in network locations and product offerings,” Mr. Baldwin continued. “This acquisition allows ConGlobal to leverage the strengths of both companies to deliver exceptional service and value to our customers and also provide a positive experience for our suppliers and employees.”
About ConGlobal Industries, Inc.
ConGlobal Industries, Inc., headquartered in San Ramon, California, is North America’s largest full-service supplier to the intermodal industry, providing depot and CY services, equipment sales and transportation services. ConGlobal provides equipment repair, maintenance, storage and redistribution services to global shipping and leasing companies. ConGlobal is also a leading retailer of standard and modified equipment in new and used condition to consumers, corporations, and government and military institutions. Additionally, ConGlobal provides transportation services to reposition equipment and manage large or special delivery projects. The company is built on a network of 31 locations in the U.S., Mexico and Costa Rica.
ConGlobal web site www.cgini.com