Imperative Logistics Group divests Masterpiece International

Imperative Logistics Group today announced that it has divested Masterpiece International, its Fine Arts & Entertainment specialty services subsidiary, to Maxwell Street Capital Partners, in partnership with Boxart. This is an important step in Imperative's strategic efforts to concentrate on solving supply chain problems for shippers who require mission critical, high touch, high value, white glove services in healthcare, aviation, aerospace, specialty automotive, technology, and advanced manufacturing, among other end markets. As Imperative Logistics continues to expand, it will shape its capabilities for meaningful and intentional organic and inorganic growth with this strategic rationale.

"Imperative Logistics has a unique set of service competencies, all designed to support complex requirements for specialized manufacturing logistics, complex trade compliance, and finished goods, with white glove delivery capabilities. We are laser-focused on solving problems that customers in this type of business ecosystem face. We will continue to grow organically, through the introduction of new high value services, and through strategic acquisitions," said Dante Fornari, Chief Executive Officer of Imperative Logistics Group.

"We are proud of what the Masterpiece team has accomplished and believe its new home provides an exceptional opportunity for the business to thrive within an organization dedicated exclusively to the fine arts industry. We wish the Masterpiece team the very best in their exciting future."