Panther Logistics has announced that the business has been acquired by US based AIT Worldwide Logistics, a global transportation management leader that prides itself on expanding companies’ access to markets all over the world.
The acquisition follows a year in which Panther has seen an exponential increase in online shopping leading to an expanded team as well as several new partnerships with customers wishing to take advantage of the company’s unique offering.
It is one of the most exciting developments in Panther’s continuing success story since it introduced its next day two-man delivery service nearly 10 years ago revolutionising the white glove premium home delivery marketplace.
AIT Worldwide Logistics already has a significant presence in the US in the white glove home delivery and e-fulfilment sectors with the two businesses sharing a number of synergies.
The acquisition will see AIT supporting Panther’s continued growth, further reinforcing its position as the UK’s market leader in specialist two-man delivery, while extending AIT’s presence in the UK market – generating exciting opportunities for staff and customers alike.
The two parties share the same values and core philosophies and are passionate about the future of logistics. Both believe in investing in staff opportunities, quality, innovation.
For Panther it will be business as usual with the existing management team remaining in place – a factor which the company sees as key.
At the helm commercial director, Gary McKelvey will take the reins as managing director. He will be supported in his new role by Colin McCarthy to ensure a seamless transition.
Colin McCarthy commented: “Becoming part of AIT’s expansive global network provides a springboard for further growth and investment. It is a hugely exciting development in the Panther’s journey and one which will mark a new era for the business for the benefit both our customers and employees alike.
“With the growth in online shopping continuing to escalate at unprecedented levels, the quality of delivery has become a key differentiator for many retailers and a major driver for consumers. Customer experience is therefore vital. Everything we do is designed with the end customer in mind and we aim to make delivery as easy and convenient as possible.
“Our commitment to service excellence has always been paramount and will continue to form the bedrock of our operation as we enter this latest chapter in the Panther success story.”
“I am thrilled to add Panther’s renowned two-man delivery professionals to our growing organization and wish them all a warm welcome to the team,” said AIT President and CEO, Vaughn Moore. “I’m looking forward to the results of blending subject matter experts between our two companies and building off each other’s best practices, particularly in the booming e-Commerce space.”
