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Magnate Worldwide Acquires Cargo Logistics Group, Strengthening Its Portfolio Of Specialized Services

Jun 06, 2023•over 2 years ago

Acquiring Company

Magnate Worldwide

Acquired Company

Cargo Logistics Group

Portland

Description

Magnate Worldwide is pleased to announce the acquisition of Cargo Logistics Group, a leading custom logistics service provider. In line with Magnate's organic and M&A growth strategy, Cargo Logistics Group is highly specialized, providing comprehensive logistics solutions for international and domestic mission-critical supply chains. CLG will become part of Masterpiece International and expand its footprint, adding a direct presence in the Baltimore and Washington DC area.

Company Information

Company

Magnate Worldwide

Location

Portland, Oregon, United States

About

Magnate Worldwide is a diversified supply chain management company, comprised of a unique portfolio of complementary, premium logistics services focused on Mission Critical Domestic, Fine Arts, and Global Freight Forwarding. With customer service levels and operational execution second to none, each of the Magnate business segments provides premium services across many industries for sensitive, time-definite, high-value, and white-glove shipments. Magnate Worldwide is growing both organically and through acquisition of companies with the same passion, bringing together cultures and best-practices, to become one of the fastest growing premium service providers, and most innovative logistics companies in the industry.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed