Transportation and Logistics Systems, TLSS Plans to Buy Cougar Express. Cougar Express provides pickup, delivery and warehouse services through its facility in Valley Stream, N.Y. The company offers one to four-person…
Transport and logistics systems, TLSS plans to purchase Cougar Express
T.Transport and Logistics Systems (TLSS) are planning to take over the logistics service provider Cougar Express.
Cougar Express offers pickup, delivery, and storage services through its Valley Stream, NY facility. The company provides white glove delivery services for one to four people primarily in New York and New Jersey.
“We are excited to partner with the Cougar Express team, a profitable, family-run company with a successful 30 year history, a diversified and loyal customer base and an excellent reputation,” said John Mercadante, CEO of TLSS. “We believe this is an ideal addition to our current business and offers the opportunity for organic expansion.”
The transaction is expected to close no later than January 15th after due diligence and TLSS receive satisfactory business funding.
Financial details were not disclosed.
TLSS, based in Jupiter, Florida, offers logistics and transportation services through its two subsidiaries Prime EFS and ShypDirect. Prime EFS is a provider of two-person home delivery and last mile transportation to large retailers. ShypDirect offers delivery services with a fleet of tractors, vans and vans across the northeast.
“We were very impressed with the management and operational management of TLSS as well as with future growth plans. A key factor was knowing that our valued customers and dedicated employees are in great hands, ”said Rosemary Cerrito, President of Cougar Express.