US Logistics merges with Ranger International Services Group
US Logistics merges with Ranger International Services Group
2009-08-24
In order to continue its history of successful corporate growth and strong product development, US Logistics, Inc. is proud to announce that Ranger International Services Group, Inc., an investment affiliate of Ranger Aerospace and three private equity groups, has recently acquired a majority interest in the company.
The merger is expected to result in increased employment across both companies and greatly expand the current customer base, with revenue anticipated to reach $100 million by the end of 2009. Both current Ranger subsidiaries are growing steadily, with robust bidding pipelines and plenty of opportunities for expansion and investment.
Mike Boyce, who will serve as president of the new holding company, while continuing to serve in his current position as president and CEO of US Logistics, is extremely optimistic about the possibilities and potential future of US Logistics.
Says Boyce of the merger, “As a major stockholder and Board Member of the holding company, I want you to know that I am deeply committed…Our customers can count on our total enterprise to be there, every day, every mission, with a reliable and vigilant focus on quality, safety, and FAR compliance. We can capably take on more and larger challenges now. Our customers know that this enterprise will develop and expand far beyond our previous horizons. As we grow, it means the real possibility for career growth and diverse new paths for our best performers.”
About the Companies
US Logistics
A world-wide leader in the maintenance, modification, reset and overhaul of tactical military vehicles, aircraft and Aerospace Ground Equipment (AGE). We also specialize in Aircraft Washing, Corrosion Control and Abatement Services for the U.S. Air Force and U.S. Army.
www.us-l.com/
Ranger International
A privately held investment and management holding company that partners with private equity institutions to acquire and grow companies in aviation services and aerospace support operations. Ranger and its co-investors add value to acquired companies via seasoned veterans experienced in aviation services, aerospace program management, engineering, finance, government programs, executive search, C-level consulting, corporate development, MIS, marketing & strategic planning, LEAN initiatives, Total Quality Management, mergers & acquisitions, post-merger integration, and turnarounds.
www.rangeraerospace.com
CAV International, Inc.
Founded in 1996, CAV International provides technical and labor services in support of US Department of Defense Contracts worldwide. Headquartered in Colorado Springs, Colorado, the Company primarily provides air terminal and ground handling services and passenger terminal operations for the US Air Force’s Air Mobility Command (AMC) and commissary services for the Defense Commissary Agency (DeCA).
www.cavint.com