EGL ACQUIRES MIAMI INTERNATIONAL FORWARDERS

EGL ACQUIRES MIAMI INTERNATIONAL FORWARDERS    EGL Inc., a provider of supply chain management and information services that operates under the name EGL Eagle Global Logistics, said Tuesday it has acquired Miami International Forwarders, a Miami-based freight forwarder and customs broker that has specialized in apparel.
   Under terms of the purchase agreement, EGL has acquired substantial operating assets of Miami International, and agreed to hire its employees. EGL will pay an undisclosed sum in cash, in addition to a two-year earn-out, also in cash, if performance benchmarks are achieved.
   Miami International Forwarders, which has a strong presence in the Caribbean, Central and South American markets, will help EGL in “expanding our customer base in the apparel industry,” said Jim Crane, chief executive officer of EGL.
   Crane said Miami International’s senior management, Leonard C. Roberts, Bruce D. Roberts, and Jose I. Aguirre, would join EGL “in key management positions.”