Milwaukee, WI, March 13, 2018 – Armstrong & Associates, Inc. (A&A) is pleased to welcome Nikhil Sathe as the Managing Director of its Mergers and Acquisitions Advisory practice. Nikhil will collaborate with clients to strategically create value for their companies. Nikhil brings a wealth of 3PL knowledge and experience to A&A as a CFO for third-party logistics providers over the past 16 years and with over 30 years of experience in logistics and transportation. With his experience, Nikhil is recognized as a supply chain management thought leader and is a regular speaker at major industry events. As a financial expert with extensive M&A, Operational, P&L, and Turnaround/Restructuring experience, Nikhil has helped organizations maximize their Enterprise Value (EV).

Under Nikhil’s leadership, Armstrong & Associates’ M&A Advisory focus will broaden to include Turnarounds, Restructuring, Staging, Recapitalization, and Capital Raising engagements in addition to its traditional Buy/Sell side and Operational Due Diligence advisory work. According to Nikhil, “A&A has a market-leading reputation in the transportation and logistics industry and with the investment community. I am looking forward to working with its team in driving A&A to a new level of prominence in the M&A advisory space.” Evan Armstrong, President of A&A commented, “We are very happy to have Nikhil join our team and anticipate significant growth in our M&A advisory practice. A&A now has the bench to tackle M&A work requiring in-depth financial and operational expertise.”


Armstrong & Associates, Inc. (A&A) was established in 1980 to meet the needs of a newly deregulated domestic transportation market. Since then, through its leading third-party logistics (3PL) market research and history of helping companies outsource logistics functions, A&A has become an internationally recognized key information resource for 3PL market research and consulting.

A&A’s mission is to have leading proprietary supply chain knowledge and market research not available anywhere else. As proof of its continued work in supporting its mission, A&A’s 3PL market estimates are the most often cited in securities filings by publicly traded 3PLs, media articles and trade publications. In addition, A&A’s email newsletter currently has over 59,000 subscribers globally.

A&A’s research complements its consulting activities by providing a continually updated detailed database for analysis. Based upon its unsurpassed knowledge of the 3PL market and the operations of leading 3PLs, A&A has provided strategic planning consulting services to over 30 3PLs, supported 17 closed investment transactions, and provided advice to numerous companies looking to benchmark existing 3PL operations or outsource logistics functions.

For more information, please contact:
Nikhil Sathe at +1-416-997-9300, or email
Evan Armstrong at +1-608-268-5860, or email

Armstrong & Associates, Inc.
10401 West Lincoln Avenue, Suite 207
Milwaukee, WI 53227 USA
Phone: +1-414-545-3838 Fax: +1-414-545-3906