Expedited services provider V3 Transportation is gaining former Panther II Transportation CEO Craig Amato as a senior advisor and investor, the has company announced.
As a senior advisor, Amato will be involved in growth initiatives being launched by V3. He will work with company leadership to spearhead these efforts, which are focused on growing V3 in the near term while improving the company’s position in the expedited market. Amato founded Panther II in 1992 and served as its CEO for 16 years.
V3 has also initiated the process of restructuring its credit facility. The new financing will allow V3 to expand its fleet and grow the company’s operational and sales infrastructure, including opening new office locations.
“As a senior advisor, Craig's depth of experience and his ability to observe the challenges within the expedited market from a universal perspective will be invaluable to us,” said John Sliter, president and chief operating officer of V3. “Craig's financial investment and focus in V3 will allow the company to pursue opportunities that will foster the company's growth and place V3 in a further position of strength within the expedited market."
Established in 2013, V3 Transportation is an expedited transportation service provider for automotive, high tech and other industries.