• ITVI.USA
    15,433.470
    55.400
    0.4%
  • OTLT.USA
    2.727
    -0.016
    -0.6%
  • OTRI.USA
    20.850
    0.030
    0.1%
  • OTVI.USA
    15,408.360
    58.320
    0.4%
  • TSTOPVRPM.ATLPHL
    3.280
    -0.020
    -0.6%
  • TSTOPVRPM.CHIATL
    3.190
    0.050
    1.6%
  • TSTOPVRPM.DALLAX
    1.560
    -0.030
    -1.9%
  • TSTOPVRPM.LAXDAL
    3.420
    0.090
    2.7%
  • TSTOPVRPM.PHLCHI
    2.220
    0.050
    2.3%
  • TSTOPVRPM.LAXSEA
    4.080
    0.000
    0%
  • WAIT.USA
    126.000
    1.000
    0.8%
  • ITVI.USA
    15,433.470
    55.400
    0.4%
  • OTLT.USA
    2.727
    -0.016
    -0.6%
  • OTRI.USA
    20.850
    0.030
    0.1%
  • OTVI.USA
    15,408.360
    58.320
    0.4%
  • TSTOPVRPM.ATLPHL
    3.280
    -0.020
    -0.6%
  • TSTOPVRPM.CHIATL
    3.190
    0.050
    1.6%
  • TSTOPVRPM.DALLAX
    1.560
    -0.030
    -1.9%
  • TSTOPVRPM.LAXDAL
    3.420
    0.090
    2.7%
  • TSTOPVRPM.PHLCHI
    2.220
    0.050
    2.3%
  • TSTOPVRPM.LAXSEA
    4.080
    0.000
    0%
  • WAIT.USA
    126.000
    1.000
    0.8%
American Shipper

UTi Worldwide acquires Unigistix in Canada

UTi Worldwide acquires Unigistix in Canada

   UTi Worldwide Inc., a Rancho Dominguez, Calif.-based provider of integrated logistics services, has bought Unigistix Inc., a Canadian third-party logistics provider based in Toronto.

   UTi acquired privately held Unigistix from its principal shareholders, including lead investor Wynnchurch Capital Partners, for an upfront cash payment of C$93.5 million ($74.5 million).

   The agreement includes potential additional payments over a two-year period of up to approximately $4.8 million (C$6 million) for an earn-out based on the anticipated future growth of Unigistix, which operates with an annual net revenue of $27.9 million (C$35 million).

   Unigistix, which has 290 employees, was founded by Chicago-based Wynnchurch Capital Partners. Michael Dunlop, president and chief executive officer of Unigistix, will remain in his position, according to Roger I. MacFarlane, chief executive officer of UTi Worldwide.

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