MetroGistics Acquires Metro Title
New York – December 2017 – MetroGistics Holdings, LLC (“MetroGistics”), a portfolio company of Tailwind Capital, announced that it has acquired Metro Title Services (“Metro Title”). Metro Title is a leading provider of title and registration services to the fleet industry and auto dealers. Based in Lenexa, Kansas, the company works with more than 2,200 government licensing jurisdictions in the U.S. and Canada, and processes an average of 1,000 transactions daily, including titles and registrations, renewals, replacement credentials, repo/bonded/salvage titles, corrections and refunds.
This transaction represents the second add-on acquisition for MetroGistics since Tailwind acquired the company in September 2016. Along with the acquisition of AmeriFleet in December 2016, this latest development expands MetroGistics’ reach, market share, and technology solutions and better positions the company as a one-stop shop for its clients.
William Billiter, CEO of MetroGistics commented, “We recognized best-in-class vehicle compliance services as a major market need and understand that bringing in a world-class provider like Metro Title Services would bring value to our clients and partners. Our message to clients is that we will involve you as we move to leverage all our organizational capabilities, and we’ll always do what’s best for you.”
“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 organizations’ compliance-services capabilities to optimize 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.”
MetroGistics is a technology-enabled provider of non-asset-based third-party logistics serving both OEM and remarketed automotive customers. MetroGistics provides flexible, responsive and technologically advanced automotive logistics services, across all aspects of the business, from load matching to delivery. For more information, please visit www.metrogistics.com.
About Tailwind Capital
Tailwind Capital is a leading middle market private equity firm focused on growth-oriented investments in targeted sectors within industrial services, healthcare and business services. Tailwind partners with experienced management teams and entrepreneurs to transform businesses through organic growth initiatives, acquisitions, and operational and strategic investments. Tailwind manages over $3 billion of committed equity capital, and has invested in 35 portfolio companies and over 55 add-on acquisitions.