WILMINGTON, Ohio--(BUSINESS WIRE)--Air Transport Services Group, Inc. (NASDAQ:ATSG) today said its subsidiary, LGSTX Services, Inc. (LGSTX), has acquired TriFactor Distribution Solutions, a privately held material handling systems integrator based in Lakeland, FL.
This acquisition provides a number of strategic benefits combining operational strengths and expanding complementary services between the companies. The services of the combined LGSTX/TriFactor businesses will be marketed nationwide as part of the comprehensive set of ATSG solutions.
Material handling support and engineering design services will be offered from multiple locations, including Wilmington and Lakeland, providing systems integration, custom design, installation and maintenance of supply chain solutions. Customized turnkey offerings include: conveyor systems, warehouse storage systems, order picking systems and warehouse control & management systems.
LGSTX President Gary Stover said, “TriFactor complements our core capabilities. It’s a proven supplier of material handling solutions to respected corporations involved in warehousing, retail distribution and e-commerce operations. TriFactor’s engineers are experts at optimizing product flow in diverse situations, from high-throughput sort facilities to small regional distribution centers. It’s a great addition to our existing material handling capabilities.”
ATSG President and CEO Joe Hete added that based on ATSG’s current estimates and outlook, the TriFactor acquisition is expected to be accretive to ATSG’s earnings starting in 2019.
About LGSTX Services, Inc.
LGSTX Services specializes in providing material handling equipment and conveyor services, facility maintenance services, aviation ground support equipment services, and distribution services to customers in more than 400 locations worldwide. LGSTX Services offers value driven, high quality solutions to a broad range of corporate clients including commercial businesses, airports, and airlines across the United States. LGSTX Services is part of the Air Transport Services Group, Inc., (ATSG) family of companies. Visit LGSTX on the web at www.atsginc.com
About TriFactor Distribution Solutions, Inc.
TriFactor Distribution Solutions is a State of Florida Licensed Professional Engineering Company providing material handling solutions, equipment, installation and services. TriFactor is a proven industry leader offering unsurpassed logistics and supply chain solutions, regardless of project complexity and size. Visit TriFactor on the web at www.trifactor.com.
About ATSG
ATSG is a leading provider of aircraft leasing and air cargo transportation and related services to domestic and foreign air carriers and other companies that outsource their air cargo lift requirements. ATSG, through its leasing and airline subsidiaries, is the world's largest owner and operator of converted Boeing 767 freighter aircraft. Through its principal subsidiaries, including three airlines with separate and distinct U.S. FAA Part 121 Air Carrier certificates, ATSG provides aircraft leasing, air cargo lift, passenger ACMI and charter services, aircraft maintenance services and airport ground services. ATSG's subsidiaries include ABX Air, Inc.; Airborne Global Solutions, Inc.; Airborne Maintenance and Engineering Services, Inc., including its subsidiary, Pemco World Air Services, Inc.; Air Transport International, Inc.; Cargo Aircraft Management, Inc.; and Omni Air International, LLC. For more information, please see www.atsginc.com.