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ATLANTA and SAN FRANCISCO, Nov. 19, 2010 – UPS (NYSE:UPS) today announced an agreement to sell its UPS Logistics Technologies unit to Thoma Bravo, LLC, a leading private equity investment firm.
Financial details were not disclosed.
UPS Logistics Technologies, headquartered in Baltimore, employs about 145 people to create high-tech transportation routing and fleet management systems. More than 200,000 vehicles are managed through 3,300 installations worldwide representing a variety of industries. Specific transportation management applications provide street-level route plans, real-time wireless dispatch and GPS and strategic territory planning. Customers use the technology and tools for effective fuel management and driver productivity.
Len Kennedy, vice president and COO of the unit, will become the chief executive officer after the acquisition, which is expected to close by Dec. 31. When the acquisition is complete, UPS Logistics Technologies will transition its name to Roadnet Technologies, Inc. The Roadnet brand, which already identifies the company’s main products, is familiar to customers, value-added resellers and vendors.
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Pacific Seafood Group has just completed more than $2 million in upgrades to its Newport shrimp processing plant that could help the company crack shrimp-hungry European markets.
The privately held Clackamas-based seafood purveyor, which has an estimated $1 billion in annual sales, hopes to learn next spring whether the investment will make the Newport plant the first on the West Coast to receive a coveted food safety certification from the British Retail Consortium.
Posted by: Admin in: Lane News -
Oregon/SW Washington Chapter Honors Godfrey with Award of Distinction at Oct. 28 Gathering
New York/Portland, Ore. — Nov. 1, 2010 — Jamie Godfrey of LANE PR, an independently owned, national public relations agency, has received the Young Professional Award of Excellence from the Oregon/SW Washington chapter of the Public Relations Society of America (PRSA). Granted at the 2010 Oregon PRSA Spotlights and Awards of Distinction Gathering at Portland’s Left Bank Annex on Thursday, Oct. 28, the Young Professional Award of Excellence recognizes an outstanding professional in the field of public relations and is one of three Awards of Distinction.