AIT Worldwide Logistics Buys Select Express & Logistics
November 18, 2021
supply chain solutions leader AIT Worldwide Logistics has reached an
agreement to acquire New York City-based Select Express & Logistics, a
leading 3PL arranging final mile delivery and assembly services for big
and bulky consumer and commercial goods, including furniture, fitness
equipment, home electronics, outdoor appliances and accessories, and
With nearly 400 teammates in 60 locations—13 offices supported by 47
cross-dock facilities across the United States—Select administers the
delivery of more than 1.7 million shipments per year by harnessing an
elite network of 1,200-plus carriers. The 3PL also boasts one of the
largest networks of assembly technicians in the United States for both
fitness equipment and outdoor structures, performing over 600,000
assembly and repair jobs annually.
Ninety percent of deliveries managed by Select are completed using
mobile app technology, which provides their customers with real-time
visibility and proof of delivery. Likewise, Select’s technology allows
retailers to offer delivery appointment scheduling at the point of sale,
providing a seamless experience that reduces buyer’s remorse.
The complementary integration of AIT’s robust global freight forwarding
operations with Select’s expansive final mile service will create a
seamless first, middle and final mile solution in the United States.
Access to final mile capacity and complex assembly teams will
dramatically expand for AIT customers while Select customers will be
connected with AIT’s global freight forwarding expertise. With the
acquisition of Select, AIT will represent a single point of access for
importing heavy, bulky goods into the United States, providing
nationwide forward stocking, and ultimately delivering omnichannel final
mile service direct to consumers from customers’ distribution centers,
drop shippers or brick-and-mortar stores.
In an era with capacity being the foremost challenge for global supply
chains, Select’s access to more than 1,100 driver teams operating both
dedicated and on-demand equipment will minimize capacity constraints and
alleviate pressure on final mile delivery times for AIT customers.
“We are delighted to welcome the Select team to AIT. Customers with
omnichannel distribution initiatives will benefit from our new unified
solution that provides a truly global glass pipeline when importing
goods from overseas to be delivered and assembled in consumers’ homes
and commercial businesses,” said AIT President and CEO, Vaughn Moore.
“Most importantly, Select’s culture—especially the way they value their
teammates and treat their clients—is a great fit. Confirming these
shared core values is a prerequisite before AIT will even consider a
company for acquisition.”
Express & Logistics Chief Executive Officer, Jay Waldman, said, “On
behalf of our entire team, we are thrilled and honored to join forces
with AIT. For 20 years, Select has been providing our customers with the
highest level of final mile delivery and assembly services for big and
bulky goods. Combining our final mile expertise with AIT’s global
freight capabilities will enable us to better serve our customers by
managing the movement of product from the factory floor to consumers’
AIT Worldwide Logistics’ acquisition of Select Express & Logistics is
expected to close December 17, 2021. It will be the third acquisition
for AIT in 2021, following previous deals to purchase customs broker
Multimodal International and freight forwarder Intelligent Logistics.
Terms of the agreement have not been disclosed.
Stifel acted as financial advisor to AIT on the transaction. Kirkland &
Ellis LLP served as legal counsel to AIT. The Transportation & Logistics
Investment Banking Group of Raymond James & Associates, Inc. served as
financial advisor to Select. Norton Rose Fulbright U.S. LLP served as
legal counsel to Select.