UniGroup Announces Conclusion of Strategic Review Process, Leadership Transitions and Path Forward

ST. LOUIS, Oct. 1, 2024 – UniGroup, a leader in the full-service moving and storage industry and parent Company of well-known brands United Van Lines and Mayflower Transit, today provided an update on its strategic review process, leadership transitions and the Company’s path forward.

Over the last several months, UniGroup embarked on a comprehensive strategic review process aimed at evaluating potential opportunities that could strengthen the Company’s market position and deliver enhanced value to its shareholders. After thorough analysis and careful consideration, its board of directors determined the best path forward is to remain a member-owned cooperative.

“While we received significant interest during our strategic review, the board concluded it was not the right offer at the right time,” UniGroup Board Chair Gary Quintalino said. “We are committed to improving corporate governance and supporting our management team with the fundamental goal of strengthening our network and delivering value to shareholders. We remain dedicated to providing our customers and valued corporate clients with world class service.”

Despite challenging economic conditions, including high interest rates, a soft real estate market and rising inflationary pressures, UniGroup remains a leader in the full-service moving and storage industry.

In conjunction with this update, UniGroup also announced key leadership transitions. Effective immediately, Kevin A. Krakora has been appointed president and CEO. Kevin is a seasoned executive with more than 30 years of experience, including filling executive officer assignments. He specializes in working with companies who have complex financial structures and are developing business transformation strategies.

“I am very excited to join UniGroup, and I greatly appreciate the support of Gary and the board of directors,” Krakora said. “I look forward to working with the talented team at UniGroup to serve our members and move the Company forward.”

Jason Mills, who has served as UniGroup’s president and CEO since 2021, announced his resignation earlier this month and has been serving in a transitionary role.

“Following the board’s decision on the strategic review process, I decided to step away from my role as UniGroup president and CEO,” Mills said. “I wish UniGroup and all of its employees the very best.”

Jason and Kevin are working together on the transition.

“We thank Jason for his numerous contributions and leadership during his 15 years at UniGroup, including throughout the strategic review process,” Quintalino said. “We have appreciated his assistance transitioning and wish him the best in the future.”

Additionally, Jordan Scott has been promoted to CFO, effective Sept. 30. Jordan, who joined the Company in 2023 and has excelled in his role as vice president and corporate controller, will now oversee the Company’s financial strategy and planning.

“Kevin Krakora’s years of executive leadership experience with transformational expertise, coupled with Jordan Scott’s financial acumen, will be instrumental in driving the business forward,” Quintalino added.

UniGroup remains steadfast in its commitment to leading the industry and enhancing value for its diverse set of stakeholders.

About UniGroup

UniGroup is a $1.5 billion transportation and relocation services company with headquarters in suburban St. Louis. In addition to household goods carriers United Van Lines and Mayflower Transit, logistics company UniGroup Logistics and international relocation provider UniGroup Worldwide Moving, UniGroup owns other subsidiaries providing financing, equipment and services to professional movers.