Mallory Alexander acquires Tradesource
November 10, 2010
Third-party logistics (3PL) services provider Mallory Alexander International Logistics announced this week that it has acquired Tradesource Inc., an international freight forwarder based in Charleston, S.C., from Atlantic Services Group Inc.
Financial terms of the deal were not disclosed.
Mallory Alexander officials said that Tradesource’s Charleston office is now the new Mallory Alexander International Logistics Charleston location.
A Mallory Alexander spokesperson said that the Charleston office’s proximity to the Port of Charleston was part of what spurred this acquisition.
“The Port of Charleston is growing as many companies are turning to this port as the access point for their global connectivity,” said the spokesperson. “Mallory Alexander wanted to offer our customers the support of an office in the Charleston area and the opportunity for our customers to grow with the port as well. A Charleston office has been in the works for a while, we just found the right mix with the Tradesource ownership and operations that allowed the acquisition to occur smoothly for both Mallory Alexander’s and Tradesource’s customers.”
The new Mallory Alexander International Logistics Charleston location specializes in export ocean forwarding and customs house brokerage, but can also offer a full service logistics portfolio including all import / export services, air services, domestic transportation, special project transportation and consulting, according to the spokesperson.
While Mallory would offer up a specific number on how many customers Tradesource brings into the fold, the spokesperson said that the new addition has a “tenured partnership with many customers throughout the South Atlantic area and the United States.”
In terms of shipper benefits that this deal provides, Mallory Alexander said that the new Mallory Alexander International Logistics Charleston team not only offers the expertise of its forwarding team but also the support of one of the largest growing ports in the U.S.
“With the port’s specialty in agricultural products, as well as trade routes for Northern Europe, India, and Asia, many of our customers have found the Charleston office a perfect fit for their needs,” said the spokesperson.
Regarding personnel related to this deal, the Mallory Alexander spokesperson said that all former Tradesource employees will be retained as part of the Mallory Alexander International Logistics Charleston team. And the company is optimistic about adding staff in this location as the customer base expands.
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