Christian Vandendriessche
BroadSpan Capital
AGS
Deal Type
Acquisition
Sector
Business Services
Completion Date
1st February 2024
Deal Value
Not disclosed
Company Background
AGS is part of AGUNSA, a leading multinational shipping and logistics company with operations in more than 20 countries in Latin America, the Caribbean, Europe, Asia, and the United States.
Deal Summary
BroadSpan Capital acted as exclusive financial advisor to Agencias Universales S.A. (“AGS”) and its shareholders on the acquisition of 70% of the outstanding shares of A.R. Savage & Son (“A.R. Savage”).
A.R. Savage is a leader in the United States maritime community with over 70 years of operations specializing in providing ship agency, freight forwarding, and line handling services to clients on Florida’s west coast and abroad.
AGS' acquisition of A.R. Savage supports its global expansion strategy, further enhancing its international footprint and strengthening its existing agency business worldwide. As one of only thirty-four (34) Certified Agent Members of the Association of Ship Brokers and Agents (ASBA) in the United States, A.R. Savage, now part of AGS, serves as an ideal platform for expansion in this region and beyond. Operating centrally from Tampa, AGS anticipates immediate commercial synergies, especially in the Gulf Coast region as it stands as the preferred port of entry in the United States for South and Central American companies.
Latest Mergers Alliance News
Khronos Advisory (Thailand) has advised Electricity Generating Public Company Limited (EGCO) on USD95 million capital increase in PT Chandra Daya Investasi
Dresner Partners (USA) advised Connoisseurs Products on its sale to Willert Home Products
Ethica Group (Italy) advised Vicenza Mode, high-end knitwear manufacturer, in the sale of a majority stake to Sienna PE
