LIMA, Pa.--(BUSINESS WIRE)--Pilot Freight Services (Pilot), a worldwide provider of transportation and logistics services, today announced that Todd Soiefer will serve as Vice President of Corporate Development, with an emphasis on acquisition strategy.
In October, Pilot secured a controlling investment from ATL Partners, a leading aerospace, transportation, and logistics-focused private equity firm, and British Columbia Investment Management Corporation ("bcIMC"), one of Canada's largest institutional investors. The investment from ATL and bcIMC allotted Pilot the resources to pursue sophisticated opportunities, expanding its role as a best-in-class service provider. The addition of Soiefer to the Pilot team marks the next step in Pilot’s global evolution, positioning Pilot to continue international growth through both acquisition and the development of its existing stations, while adding to its current stable of products and services.
“Pilot’s people, the reputation it carries, and the deep and longstanding industry relationships it has cultivated, made this an ideal opportunity for me to join the team,” said Soiefer. “The recent partnerships with ATL and bcIMC have placed Pilot in the best possible position to secure a global leadership role in the logistics sector. After admiring the team’s forty-five-year success in an ever-changing industry, I look forward to assisting in taking Pilot to the next level.”
Having most recently served as Senior Vice President of Strategic Development at Ferrellgas Partners, LP., Todd comes to Pilot with an extensive background in corporate finance and financial management, with an expertise in deal sourcing and structuring.
“With critical support from our partners at ATL and bcIMC secured, Pilot is poised to grow exponentially,” said Richard Phillips, Chief Executive Officer of Pilot. “Having completed more than $1 billion in acquisitions across several prominent transactions, Todd has an understanding of the logistics industry that will serve him well at Pilot, where he will play a major role in the execution of our ambitious development plans. We welcome him to the Pilot family with great enthusiasm.”
Founded in 1970, Pilot provides expedited and time-definite domestic and international freight forwarding, e-commerce and home delivery, and value-added logistics services through a network of over 75 stations in North America and Western Europe and 87 core international partners.
ABOUT PILOT FREIGHT SERVICES
Pilot Freight Services, Inc. is a full-service transportation and logistics provider with over 75 locations throughout North America and Western Europe. The company’s freight forwarding services encompasses every mode of transportation, including air, ground and ocean, serving all corners of the globe. Pilot’s logistics programs offer a complete line of expedited and time-definite services, international shipping solutions, product warehousing and inventory management. In addition, Pilot’s online shipment navigator, CoPilot, makes online shipping fast, convenient and secure. Learn more about Pilot Freight Services at www.PilotDelivers.com.