Logistics Management Resources has received a commitment from Hutchinson Investments Limited for $20 million in additional financing.
LMRI will use the money to pay debts and expand its operation.
"Now that the company has secured significant financing, LMRI can accelerate the implementation of its business plan, which includes strategic acquisitions of non-asset based transportation-related and employee leasing related companies," said Logistics Management's Chairman and CEO Dan L. Pixler.
LMRI is in the business of acquiring and managing non-asset based transportation related and employee leasing related companies.