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Startup CoPilot acquires century-old 3PL Mallory Alexander
Yahoo Finance· 2025-10-09 16:28
Core Insights - CoPilot Global Logistics Holdings has acquired a majority stake in Mallory Alexander, a full-service logistics provider, with backing from private equity firm Endeavour [1][3] - Mallory Alexander will serve as the cornerstone operating company for CoPilot, which aims to build a global logistics platform through further investments and acquisitions [2] Company Structure and Leadership - The new ownership structure involves Endeavour and CoPilot holding a majority investment, while the Mallory family retains a share; this is a financial partnership rather than a merger with a competing third-party logistics (3PL) provider [3] - Mallory Alexander will continue to operate under its existing brand and leadership, with Rich Bolte as chairman, Paul Svindland as CEO, and Carmen Gerace as president [3] Strategic Focus and Future Plans - CoPilot's strategy includes long-term investments aimed at strengthening Mallory's operations, technology, and team, while selectively acquiring similar operators to expand service capabilities and geographic reach [4] - Future investments in the logistics space will focus on visibility platforms, workforce training, and safety programs [4] Operational Strengths - Mallory Alexander, based in Memphis, Tennessee, has over 100 years of experience in logistics, specializing in freight forwarding, customs brokerage, warehousing, and distribution, with over two million square feet of warehouse space in the U.S. [5] - The company offers a wide range of domestic transportation services, including truck brokerage, intermodal, and domestic air [5] Commitment to Service and Growth - The partnership is expected to provide Mallory with the necessary resources to enhance technology and training while maintaining a customer-first service approach [6] - The focus will be on scaling thoughtfully and delivering stronger, more reliable solutions for customers globally [6]