TRANSPORT: Cargo Is Shopping For Acquisitions
Recent Western Cape Business News
THE current economic crisis is proving difficult for many small and medium sized transporters.
Not so for Cargo Carriers. This company has been steadily growing both its income statement and its balance sheet over the past number of years, and whilst some of its divisions have been affected by the downturn, it is already starting to see signs of improving business. The company, with years of experience in providing a full suite of logistics solutions, believes that this is a good time to be on the acquisition trail.
It believes that there are many well managed competitors who are presented with significant opportunities but who don’t have the balance sheet strength to proceed.
Cargo Carriers’ shopping list includes transportation businesses under cash stress, but who hold healthy contracts, and transporters who are unable to fund growth plans they have or capital replacement they require.
In Cargo Carriers’ favour are the facts that their financial position is very strong, and that they have a reputation for very high levels of service. Clients of transportation businesses that talk to them are likely to feel secure in the knowledge that their 3PL contracts will be managed by a secure and service focused business.
Cargo Carriers Joint CEO Murray Bolton believes that the companies that are in cash strong positions and those who choose to strengthen their positions in the downturn are the ones that will come out of this crisis in the best shape.
Cargo Carriers is a specialised transportation, supply chain and logistics service provider.
“After more than 50 years in the transportation industry Cargo Carriers has a solid foundation on which to further build and expand its local and regional footprint.”
“We are excited at the prospect of investing in and developing other companies and would like to let the market know that we are officially shopping for the right opportunity,” says Bolton.
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