American Global Logistics, LLC

Client Profile
Headquartered in Atlanta, Georgia, American Global Logistics is a 3PL freight forwarder and 4PL technology solutions provider that empowers businesses to solve their biggest supply chain challenges. Their proprietary cloud-based technology offers unprecedented visibility and control throughout the supply chain, while their end-to-end logistics solutions provide a greater depth of service to global enterprises.

Situation
Starting in late 2016 into early 2017, a mismatch in supply capacity and demand, along with consolidation in the container ship market, resulted in major global freight rate fluctuations. Additionally, in 2018 the U.S. government implemented a series of tariffs on imported goods from China, further exacerbating the depressed freight rate environment and negatively impacting the shipping industry’s volumes and pricing. During this time, AGL experienced revenue and profitability pressures, which severely constrained liquidity.

Solution
SSG was retained by AGL to conduct a marketing process to solicit offers from strategic and financial buyers which would enable the Company to rebalance its capital structure and inject much-needed liquidity. Terra Worldwide Logistics’ offer provided the best outcome for all stakeholders. SSG’s industry knowledge and experience running efficient sale processes enabled the Company to continue as a going concern.