|By PR Newswire||
|October 8, 2012 02:48 PM EDT||
FARIBAULT, Minn., Oct. 8, 2012 /PRNewswire/ -- KGP Logistics, one of the country's largest single-source providers of equipment and integrated services to the communications industry, has entered into an agreement in principle to acquire TriNet Communications, Inc. The transaction is subject to due diligence and expected to close in 2012. Terms of the transaction were not released.
TriNet Communications will be integrated with KGP Logistics' existing supply chain operations and leverage KGP's national distribution network to optimize all facets of the supply chain to provide customers products and services at the lowest total cost of ownership.
Based in Livermore, California for over 22 years, TriNet has been a leading nationwide distribution and logistics supplier serving the telecommunications and cable television markets.
"We are thrilled to join forces with KGP Logistics," said Jon J. Fernandez, President and CEO of TriNet Communications. "Our combined business will serve an expanded market base, and enable us to continue, and even expand, the exceptional customer service and product offerings that distinguish both organizations. Customers will continue to receive superior products and excellent service."
"We are energized by what this acquisition means for our customers, supplier partners, and employees," said Kathleen G. Putrah, KGP Logistics Chairman and CEO. "This acquisition provides us the opportunity to increase our scale, while further diversifying and extending our market coverage. Consistent with the past 40 years, KGP remains relentlessly focused on our customers, and we look forward to continuing to leverage KGP's core supply chain, distribution, and value-added service offerings."
Livingstone Partners served as the exclusive financial advisor to KGP Logistics. Felhaber, Larson, Fenlon & Vogt, P.A. served as legal counsel.
About KGP Logistics
KGP Logistics is one of the country's largest single-source, value-added suppliers of supply chain services, equipment and integrated solutions to the communications industry. KGP's distribution network is comprised of six distribution centers across the United States and complemented with our affiliate, BlueStream Professional Services, LLC, integration facilities. BlueStream provides complete integration and installation services nationwide consisting of assemble, wire and test; engineer, furnish, and install; as well as product kitting, and CPE services. With a diverse and valued customer base, a national logistics network, and a portfolio of manufacturer partnerships that is second to none, the company is positioned to provide unique products and services to the communications market. KGP, recognized for leadership in supply chain management and value-added solutions, is committed to providing their customers products and services at the lowest total cost of ownership.
For more information, visit www.kgplogistics.com.
TriNet Communications is an award winning distribution and integrated logistics company for the communications cable television and related industries and has strong relationships with the top manufacturers in the telecommunications and cable TV space. It maintains a large and diverse product portfolio designed to provide customers a simple, one-stop resource for all of their project needs. TriNet's partnerships and business associations bring leading edge products from manufacturers of the highest quality and reliability in the industry to its customers. More information about the company may be found at www.trinetcom.net.
SOURCE KGP Logistics