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United Vision Logistics change in ownership and restructuring
United Vision Logistics, Inc. (“UVL”), one of the Nation’s 100 largest logistics and transportation firms has announced a major change in ownership and restructuring. Management, including UVL’s Executive Chairman Ronnie Murphy, will collectively become significant shareholders in the company under the new structure. GE Capital, with more than $20 Billion committed to energy investing and financing, will become a significant UVL shareholder and continue as the lead lender.
UVL is a premier provider of transportation and supply chain management of a wide variety of general commodities and is also well known as a specialist in on-shore and off-shore oil industry transportation and logistics.
With the exception of Executive Chairman Ronnie Murphy and Director-CEO, John Patterson, UVL will have an entirely new Board of Directors with extensive business, transportation and oil industry expertise and experience.
UVL’s Executive Chairman, Ronnie Murphy in making the announcement said, “Our new Board Members were carefully selected for their superb qualifications. The new Board and our existing Management Team have more than 200 years of executive level transportation and logistics experience to offer our customers. I am delighted that Management will be shareholders and to enjoy the full support of UVL’s premier commercial lenders, including GE Capital. While we are focused on safety, service and adding value for our customers, we do see excellent growth opportunities for UVL going forward.”
John G. Martin, President and CEO, GE Antares Capital, offered, “Considering UVL’s many years of experience, expertise and leadership in transportation, logistics and energy, we are pleased to support UVL as its principal lender and a significant shareholder. We are excited about the opportunities in the space UVL occupies and that UVL will pursue. “
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