The senior management team of Premium Transportation Logistics has acquired PTL from its parent company, Magnate Worldwide.
The senior management team is made up of current PTL President Jeff Curry, longtime Operations Manager Keith Avery, and expedited transportation sales veteran Brad Kelley. Under the new ownership, PTL will continue to serve the ground expedite market in North America.
"PTL is excited to take the next step in its growth while continuing to provide the high service levels that our customers demand," said Curry in an announcement.
Curry has experience in both the finance and transportation industries, serving previously as president of Express-1, a carrier that was sold to XPO Logistics in 2011. Avery and Kelley also have decades of experience in expedited trucking. Avery is the former vice president of Express-1. Kelley will join PTL to continue to increase the company's sales efforts as PTL expands its geographic footprint.
PTL will also have an advisory board that includes former Express-1 CEO Mike Welch, former PTL COO Jim Welch, and former CFO of XPO Logistics John Welch. The advisory board will help guide leadership on strategic decision-making.
"PTL is a great company with a great future," said Dante Fornari, CEO of Magnate Worldwide. "We look forward to continuing the partnership, in its new form, and utilizing PTL for our expedited service needs."