Walton, KY - July 30, 2023 – Verst Logistics, a leading provider of logistics solutions, is thrilled to announce its acquisition of Loth Logistics' Managed Transportation and Freight Brokerage business, effective July 30, 2023. This strategic transaction will roll up into the Verst Transportation Business Unit. This acquisition represents a significant milestone in Verst's Strategic Growth Plan, aimed at expanding the scale of their non-asset transportation services.
"We are excited to welcome the employees, customers, carriers, and agents of Loth Logistics to the Verst family," said Todd Johnson, President & COO at Verst Logistics. "This acquisition perfectly aligns with our long-term growth strategy, strengthening our position as a leading provider of comprehensive logistics solutions."
Verst Logistics offers numerous advantages to transportation clients, including a customer-centric culture of highly engaged service, state-of-the-art technology, a safety and quality-focused truck fleet, and value-based pricing. Verst's commitment to driving innovation and adding value in the transportation sector, alongside their unwavering dedication to delivering exceptional service and meeting evolving customer needs, is reflected in these factors.
"Expanding our non-asset-based transportation services enables us to meet the evolving needs of our customers with greater efficiency and flexibility," stated Chris Verst, Director of Transportation at Verst Logistics. “This milestone showcases our relentless pursuit of innovation and our commitment to delivering unparalleled value in the transportation industry.”
Throughout the acquisition, Verst Logistics will work closely with all stakeholders, ensuring a smooth transition with open lines of communication while upholding the highest standards of service. Existing customers and partners can expect uninterrupted service and continued support from the Verst team.
About Verst Logistics
Verst Logistics, a leading third-party logistics provider, specializes in a wide range of services including omnichannel fulfillment, shrink sleeve labeling, dedicated transportation, and brokerage with warehouses strategically located nationwide. Our extensive network spans across 27 sites, collectively covering an impressive total area exceeding 8.2 million square feet. This expansive infrastructure enables us to effectively serve our clients and meet their unique logistical requirements.
With a legacy of over 55 years as a family-owned company, Verst combines industry expertise, technical knowledge, and a strong commitment to building seamless customer relationships. Headquartered in Walton, KY, Verst Logistics takes pride in employing over 2,200 professionals across all divisions. For more information about Verst Logistics and their comprehensive logistics solutions, please visit verstlogistics.com