Mergers and acquisitions
US-based finished vehicle logistics provider MetroGistics has bought Metro Title Services for an undisclosed sum. Metro Title Services, based in Kansas, provides vehicle title, registrations and associated compliance services, including renewals and replacement credentials, to the fleet industry and dealerships across the US.
“We recognised best-in-class vehicle compliance services as a major market need, and understand that bringing in a world-class provider like Metro Title Services will bring value to our clients and partners,” said William Billiter (pictured), CEO of MetroGistics Holdings.
The buyout is the second MetroGistics has made in the fleet services sector this year, after its purchase of AmeriFleet back in January.
Billiter told Automotive Logistics that the with the combined services at Metorgistics its new platform would be able to provide an end-to-end solution for every segment for which it provided services.
“Any customer can purchase a vehicle anywhere in the U.S., and we can transport it via truck, perform services along the way, title and register it, and then provide final-mile, white-glove delivery to the end user,” he said. “This carries our brand experience throughout the process for our customers.”
“We are very excited to be joining the MetroGistics/AmeriFleet family,” said Eric Kaseff, vice-president, Metro Title Services. “Our plan is to combine the best of our organisations’ compliance services capabilities to optimise our combined strengths in processing capacity, production processes, market-leading technology, personnel, state relations, Canadian presence, and reputation in the OEM, dealer and aftermarket sectors.”