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Inter-Jet Systems, Inc., an international air and ocean freight forwarder, customhouse broker and non-vessel operating common carrier, said today it has acquired certain assets of A. Burghart Shipping Co., Inc., a Springfield, NJ-based customs broker, ocean freight forwarder and NVOCC in business since 1956. Terms of the transaction were not disclosed.Under the transaction, James Burghart, former CEO of A. Burghart Shipping, has joined Inter-Jet and will run Inter-Jet’s New Jersey office, the fifth US station in its fast-growing network. The office is located in Springfield, close to Port Newark. James Burghart has also been named Inter-Jet’s Business Development Manager.
Through the transaction, Inter-Jet will dramatically strengthen its capabilities in the ocean freight and customs brokerage segments, enhancing its one-stop shop value proposition to US-based importers and exporters. Interjet’s US import traffic is evenly split between Asian and European origins.
“James Burghart and our new hires bring nearly a half-century of logistics expertise and long-standing customer relationships to the Inter-Jet family,” said John Gallahan, Inter-Jet president and CEO. “These professionals have proven ocean forwarding and NVO experience, and possess unmatched skill in navigating the complex world of customs brokerage. They give us a solid and immediate presence in the New Jersey area and, in so doing, add scope to Inter-Jet’s expanding network.”
“I am thrilled to join a logistics company being built from the ground up,” said James Burghart. “With the backing of Inter-Jet’s worldwide network and resources, our seasoned employees will be superbly positioned to deliver superior logistics solutions to our growing customer base.”
Gallahan commented, “This transaction underscores the tremendous opportunities available to Inter-Jet in the global marketplace. There are many terrific companies operating under the radar of the big players. They do their jobs exceptionally well, have decades of experience and maintain a loyal customer base. We will take a keen interest in asking companies like these to join our team, and then leverage their unique capabilities to support our strategy of growth through internal expansion and well-timed acquisitions.”
Headquartered at New York’s JFK International Airport, Inter-Jet Systems, Inc. is building a global logistics footprint through a carefully calibrated strategy of internal growth and timely acquisitions. Today, it has US offices in New York, Springfield, NJ, Los Angeles, Atlanta and Miami. It also operates internationally through a network of agents. Inter-Jet was acquired in January 2005 by Brynwood Partners V L.P., a private equity fund established in 1984 to invest in small, mid-market businesses that specialize in consumer products, light industrial manufacturing, specialty retailing and business services.
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