Polaris Transportation Group Acquires PRI Logistics
Company bolsters its position as a major player in the cross border transportation industry
MISSISSAUGA, Ontario, March 3, 2020 (Newswire.com) - Polaris Transportation Group is proud to announce it has acquired PRI Logistics, a 3PL brokerage based out of Vaughan, Ontario, offering a full array of transportation services. With this most recent acquisition, Polaris reinforces its position as a major player in an industry in which it is already a recognized leader in transportation, logistics and technology automation.
“Our two companies have known each other for over a decade,” said Dave Cox, President of Polaris Transportation Group. “They bring us valuable market intelligence and excellent insights into the industry. This is an opportunity to partner our resources, develop synergies and strategically grow our services.”
Polaris handles over 300,000 orders across the Canada-United States border every year and continues to grow. This growth is fuelled by innovative thinking and a commitment to enhancing the customer experience. Polaris has received much recognition and last month, received a prestigious award for innovation at a conference of trucking-industry executives for its technologically advanced development of robotic process automation.
“You have two like-minded entrepreneurs joining forces,” Sam Marra, President of PRI Logistics, states. “We share similar philosophies and have developed a lot of respect for each other. This is an excellent opportunity to grow what is a dynamic client base and expand our infrastructure. This partnership really is a win-win for both our clients and the Polaris team.”
The deal, which closed March 2, will have PRI Logistics operating under the Polaris Global Logistics brand. Cox adds, “This was the next step in our growth strategy. Their company values and commitment to providing top-level service align perfectly with our own and together, we will be able to provide an even greater service offering to our customers. We’re extremely excited to welcome the PRI team to the Polaris family.”
About Polaris Transportation Group: Polaris Transportation is the largest, Canadian, privately held cross border LTL carrier serving every U.S. zip code and Canadian postal code on a daily basis. For over 25 years, Polaris has been a carrier of choice for Fortune 500 companies, 3PLs, global freight forwarders and small to medium-size businesses. The Polaris Transportation Group comprises five operating divisions that are not only leading providers of cross border LTL but of global logistics and HAZMAT-certified warehousing and distribution. Leading technology, sustainable growth and a collaborative spirit are hallmarks of the Polaris brand. For more information, please visit www.polaristransport.com.
For more information, contact:
Polaris Transportation Group
Source: Polaris Transportation Group