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Completed Transactions > Transportation & Distribution > American Material Services Acquired By AGI International

American Material Services Acquired By AGI International

American Material Services

Date

Nov 2023

Region

Georgia

We are pleased to announce the sale of our client American Material Services, Inc. to AGI International, Inc. The acquisition closed November 17, 2023.

Located in Macon, Georgia, American Material Services (AMS) provides transportation services for dry bulk and liquid bulk customers located throughout the eastern and southeastern U.S. In 2000, AMS expanded its operation through the purchase of the assets of Site Services Corp. This strengthened its position in the dry bulk market and diversified operations into the liquid bulk transportation market.

AGI International, Inc. (AGI), headquartered in Indianapolis, Indiana, was founded in 2003, by E. Jerome Agnew. AGI provides domestic sourcing, global sourcing, contract manufacturing & assembly, warehousing and distribution, supply chain risk mitigation, material cost improvement, and product development for U.S. based companies and key automotive and industrial customers.

AGI continues to strengthen its commercial division, providing quality services in supply chain management, and transportation & logistics. AGI is a certified DBE in AZ, CA, GA, IN and OR. AGI is also a Service-Disabled Veteran Owned Small Business Enterprise (SDVOBE).

Generational Equity Executive Managing Director, M&A-Technology Practice Leader, David Fergusson, and his team, led by Managing Director, M&A, Barry DeWitt, with the support of Vice President of M&A, Emil Nirkis, successfully closed the transaction. Senior Managing Director James Carr established the initial relationship with AMS.

"AMS has significant expertise and experience in large-and-small scale regional projects. The Company has built a solid reputation for competitive pricing and on-time delivery for its projects, which is in line with AGl's core values. This acquisition gives AGI a strong presence in the Georgia and North Florida market,” said DeWitt.

If you would like to explore other transactions our associates have supported in this industry, visit our dedicated Transportation & Distribution M&A Deals page.

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