WFS acquires US cargo handler Pinnacle Logistics
Worldwide Flight Services (WFS) has acquired IAS Logistics DFW, LLC (also known as Pinnacle Logistics), a leading provider of cargo handling services in the United States. The companies have not disclosed the financial details yet.
Pinnacle Logistics is headquartered in Fort Worth, Texas, The United States, strengthening WFS’s cargo handling platform in the States. The company is focussed on specialist express cargo handling for e-commerce customers.
Michael Simpson, WFS’s EVP Americas, commented, “The acquisition of Pinnacle Logistics enhances our core cargo and express cargo handling value proposition to customers, and Pinnacle’s established trucking logistics business further expands our service offering. Pinnacle’s people bring renowned experience and expertise, great service quality, and long-standing customer relationships with them to WFS. This acquisition is a strong strategic and cultural fit for WFS and we are delighted to welcome the Pinnacle team to WFS.”
The acquisition delivers on WFS’s commercial growth strategy, which includes accelerating revenue growth in cargo handling through product development including high-growth specialist e-commerce handling.