United Road Acquires Autolog Auto Transport
January 6, 2009
Detroit, MI January 6, 2009--Romulus, Mich.-based United Road, one of the largest vehicle transportation logistics providers in the United States, announced today its acquisition of Autolog Auto Transport (Autolog), a Linden, NJ-based vehicle logistics provider. Michael A. Wysocki, chief executive officer, of United Road made the announcement. The addition of Autolog to the United Road national logistic network will serve to increase the company's retail, single-unit and northeast regional business capabilities with the addition of over 100 national pick-up and delivery locations. For the first time ever, Autolog customers will be able to enjoy enclosed vehicle carrier service through Pilot Transport, United Road's specialty carrier of high value and prototype vehicles.
The Autolog acquisition is United Road's first since being acquired by the Gores Group, a Calif.-based private equity firm, in November 2007. The acquisition is a result of United Road's ongoing national expansion efforts and the Gores Group's commitment to continuously advancing the size and scope of United Road's logistics network.
"Adding the impressive expertise and established logistics network that Autolog brings to United Road's existing portfolio through the acquisition is in line with our strategic growth plan," said Wysocki. "As the automotive and vehicle logistics industries evolve, and the requirements of our various clients change, so must the solutions we can offer. Autolog has a proven track record in providing exceptional single unit transport services. The addition of Autolog will offer great value to clients, new and shared, by driving logistic network efficiencies, combining traffic, filling empty miles, developing contemporary services and devising new routes."
United Road is the largest shipper of privately owned and single unit vehicles for eBay, Openlane and other internet-based vehicle auctions. "The addition of Autolog's logistic corridors and network of pick-up and delivery locations will create a new wave of integration for point-to-point vehicle shipping on a national basis," added Wysocki. "This will reduce costs, improve customer service and conquer the logistic challenge of purchasing and transporting vehicles through online transactions." Founded in 1976 by Myron and Susan Levine, Autolog is respected as the originator of the transport of privately owned vehicles. The company's current revenue exceeds $10,000,000.
United Road will continue to increase its capabilities and logistics transport network while consistently providing a national platform and innovative solutions for its clients. United Road is the leader in utilizing new technologies to advance the industry. Its OVISS information technology system offers the best load, routing, online customer tracking and real time event reporting via WiFi electronic proof of delivery. United Road carriers are equipped with GPS to navigate the most efficient routes for vehicle transport. The company is the country's third largest motor carrier as ranked by Transport Topics. United Road is also the only SmartWay certified "green" auto carrier in the United States recognized by the Environmental Protection Agency for outstanding environmental practices. To learn more about United Road's services and green practices, please visit www.unitedroad.com.
About The Gores Group, LLC
Founded in 1987, The Gores Group, LLC is a private equity firm focused on acquiring controlling interests in mature and growing businesses which can benefit from the firm's operating experience and flexible capital base. The firm combines the operational expertise and detailed due diligence capabilities of a strategic buyer with the seasoned M&A team of a traditional financial buyer. The Gores Group, LLC has become a leading investor having demonstrated over time a reliable track record of creating substantial value in its portfolio companies alongside management. The firm's current private equity fund has committed equity capital of $1.3 billion. Headquartered in Los Angeles, California, The Gores Group, LLC maintains offices in Boulder, Colorado and London. For more information, please visit www.gores.com
About United Road
Headquartered in Romulus, Michigan, United Road is one of the largest vehicle transportation logistics solutions providers in the United States. With over 1,500 employees and a nationwide network of 1,200 late model vehicle carriers, United Road is the technology leader of the industry via its proprietary web-based, real time OVISS information system. The company operates in the 48 continental United States, Alaska, Canada and Puerto Rico. United Road is also the only SmartWay certified "green" auto carrier in the United States recognized by the Environmental Protection Agency for outstanding environmental practices. For more information, please visit www.unitedroad.com.