JANEL CORPORATION UNAUDITED PRO FORMA COMBINED FINANCIAL INFORMATIONPro Forma Combined • November 3rd, 2021 • Janel Corp • Services-business services, nec
On September 21, 2021, Janel Corporation (the “Company” or “Janel”), through its wholly owned subsidiary Janel Group, Inc. (“Janel”), executed a Membership Interest Purchase Agreement (the “Purchase Agreement”) with Expedited Logistics and Freight Services, LLC (“ELFS”), a Texas limited liability company based in Houston which provides non-asset-based logistics services, and the principal members of ELFS (the “Members”) for the purchase by Janel of 100% of the issued and outstanding membership interests of ELFS and ELFS Brokerage LLC, a Texas limited liability company and wholly-owned subsidiary of ELFS (collectively, the “Interests”). The acquisition was consummated immediately following the execution of the Purchase Agreement.
