Global logistics and supply chain giant JAS has moved one step closer to acquiring UK freight forwarding and project logistics company Pentagon Freight Services after the two companies signed a share purchase agreement (SPA).
The purchase is now expected to be completed in the second half of this year, subject to regulatory approval.
Pentagon, which is headquartered in Dartford, Kent, provides specialised freight forwarding, project logistics, and critical supply chain solutions for the oil and gas, energy, marine, and construction industries. It has over 1,200 employees in 65 offices around the world.
JAS was founded in Milan, Italy, in 1978 and is headquartered in Atlanta, Georgia. The privately owned company employs over 7,000 staff in more than 100 countries.
In a joint statement the two companies said: “Pentagon’s deep expertise and global reach will further enhance JAS’s ability to deliver tailored, industry-specific solutions.
“This acquisition will strengthen JAS’s position in these critical sectors, ensuring seamless and high-quality service that keeps complex customer operations moving across the globe.”
Marco Rebuffi, JAS president and chief executive, commented: “The Pentagon acquisition perfectly complements JAS’s strategic goals, significantly increasing our ability to offer highly specialized logistics solutions for the oil and gas, marine, construction, and energy industries.
“We are looking forward to finalizing this acquisition to welcome Pentagon team members into the JAS family.”
Ashley Taylor, Pentagon group chief executive, added: “We are confident that JAS is the right company to expand our global network and achieve our growth ambitions.
“Our goal is to leverage our experience and continue to offer dedicated logistics solutions to our industry-leading clients. We look forward to growing stronger together with JAS.”
