MP Corporate Finance acted as M&A advisor to BLG LOGISTICS in the acquisition of forwarding company Kitzinger & Co. and its subsidiary Arno Rosenlöcher.
With retroactive effect from the beginning of 2017, BLG LOGISTICS has taken over forwarding company Kitzinger & Co. (GmbH & Co. KG) as well as its subsidiary Arno Rosenlöcher (GmbH & Co. KG). Both companies have been well known on the market for many years under the umbrella brand KICO.
KiCo has a strong focus on the ocean and air freight segments as well as services targeting temperature-controlled transports. The company’s eleven branches at strategically important locations throughout Germany excellently complement BLG’s existing network of representations, thus ensuring coverage of the whole country. After takeovers in 2016, KICO is a key component in BLG’s strategy of further expanding its forwarding business and gives BLG another strong pillar in its CONTRACT business area.
MP Corporate Finance acted as market advisor to BLG in the identification and approach of potential partners, also acting as valuable sparring partner for BLG’s management in focusing its growth and acquisition strategy. In close cooperation and coordination with BLG, MPCF succeeded in bringing multiple potential partners to the negotiating table, thus allowing BLG to choose the ideal partner for this transaction.