Transportation and Logistics Systems, TLSS Plans to Buy Cougar Express
Cougar Express provides pickup, delivery and warehouse services through its facility in Valley Stream, N.Y. The company offers one to four-person white-glove delivery service primarily in New York and New Jersey.
“We are very excited about the prospect of joining forces with the Cougar Express team, a profitable, family-run business with a successful 30-year history, diversified and loyal customer base and stellar reputation,” said John Mercadante, TLSS chief executive. “We believe that this is an ideal complement to our current business and provides opportunity for organic expansion.”
The transaction is expected to close no later than Jan. 15, following satisfactory due diligence and TLSS obtaining deal financing.
Financial terms were not disclosed.
Jupiter, Fla.-based TLSS provides logistics and transportation services through its two subsidiaries, Prime EFS and ShypDirect. Prime EFS is a provider of two-person, last-mile home delivery and line-haul transportation for large retailers. ShypDirect offers delivery services with a fleet of tractors, box trucks and cargo vans throughout the Northeast.
“We were very impressed with TLSS’ executive and operational management team, as well as its future growth plans. A key factor was knowing that our valued customers and dedicated employees will be in excellent hands,” said Rosemary Cerrito, Cougar Express president.