UTi ACQUIRES SOUTHERN OVERSEAS
UTi, formerly known as Union Transport, the California-based freight forwarder, customs broker and logistics service provider, has acquired the business of Wilmington, N.C.-based Southern Overseas.
William Emerson, president and co-owner, and other members of Southern Overseas’ management team will join Union Transport.
Southern Overseas operates 12 U.S. offices, including six markets that are new to the UTi network. Southern’s international offices includes a company-owned operation in Bremen, Germany, which will become part of UTi in Europe.
UTi, formerly known as Union-Transport, has been on a global acquisition spree for several years. The company is planning an initial public stock offering in the United States this year.