PORTLAND, Ore., Oct. 9, 2024
/PRNewswire/ -- Imperative Logistics Group, a leading provider of
mission-critical domestic and global forwarding solutions, today
announced the strategic acquisition of JAMCO, a prominent
U.S.-Mexico cross-border and
international logistics provider.
Imperative Logistics Group Acquisition Adds
Specialized Cross Border US/MX and International Trade Compliance
Services
"We are thrilled to welcome JAMCO, and its employees into the
Imperative family," said Dante
Fornari, CEO. "JAMCO's capabilities align perfectly with our
growth strategy and commitment to providing comprehensive, highly
specialized premium logistics solutions. JAMCO will significantly
enhance our service offering by adding highly differentiated and
integrated cross-border trade and logistics services. We'll be
better positioned to support existing customers who manufacture in
Mexico while providing JAMCO
clients with our expedited mission-critical shipping and global
forwarding capabilities."
In 2023, Mexico became the
largest trading partner of the United
States, surpassing China
with over $800 billion in trade
value. Laredo, Texas, has also
solidified its role as the top U.S. port, measured by trade value,
representing approximately 40% of all U.S.-Mexico trade flows. The acquisition of JAMCO
enables the Imperative Group to offer highly specialized services
in this vital trade corridor.
Based in Laredo, TX, JAMCO has
established itself as a leader in cross-border logistics, offering
services including materials management, customer information
systems, and online visibility to inventory, customs and
transportation activity.
"This acquisition allows us to capitalize on the growing
cross-border logistics market, valued at $14
billion annually and growing steadily due to nearshoring
trends." Fornari added.
"Joining forces with Imperative Logistics Group presents a
tremendous opportunity for JAMCO to expand our reach and enhance
our service capabilities," said Juan
Menchaca, Founder and Executive Advisor of JAMCO, "We're
excited about the growth prospects between our companies and the
value this partnership will bring to our customers."
"With this acquisition, Imperative Logistics Group will
integrate JAMCO's capabilities into its service offering, to
include the crucial U.S.-Mexico
trade corridor. The combined strengths of both companies will allow
Imperative to offer an even broader range of specialized logistics
solutions, from time-sensitive deliveries to complex supply chain
management, further solidifying its position as a leader in
providing complex high value solutions to the logistics
industry. "I'm very excited to lead JAMCO in our next
chapter with Imperative", cited Rahul
Oltikar, President of JAMCO.
About Imperative Logistics Group:
Imperative Logistics Group is a premier provider of
mission-critical and global forwarding logistics solutions,
specializing in sectors such as technology, healthcare, energy,
aerospace, and chemicals. With a focus on service excellence and
innovation, Imperative offers a full suite of logistics services,
including air, ocean, and ground transportation, logistics
management, and customs brokerage.
About JAMCO:
JAMCO is a leading logistics company with expertise in cross-border
trade and international logistics. Headquartered in Laredo, TX, JAMCO offers a wide range of
services, including customs brokerage, trade consultation,
materials management, and advanced customer information
systems.
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SOURCE Imperative Logistics Group