PHOENIX--(BUSINESS WIRE)--GlobalTranz Enterprises, Inc., a leading technology-driven freight management solution provider, today announced it has been named one of three finalists for the ACG Arizona Deal of the Year Award for its acquisition of Global Freight Source, Inc. The award recognizes the most significant merger and acquisition transactions that took place in Arizona in calendar year 2016.
The “Deal of the Year” is an award given by the Arizona Chapter of the Association for Corporate Growth (ACG) to recognize a company or private equity firm for its accomplishments regarding a merger, acquisition or capital market transaction. The award will recognize a deal/transaction in the Arizona marketplace involving established businesses with between $10 million and $750 million of revenue that closed in calendar year 2016. The winner will be announced at the Deal of the Year Award Dinner on May 16 at the Arizona Biltmore.
GlobalTranz made the finalist list for its acquisition of Global Freight Source, a leading freight brokerage and logistics company, which further solidified GlobalTranz’ position as a top freight brokerage firm.
“We are very pleased to be named one of only three finalists for the ACG Arizona Deal of the Year award,” said Bob Farrell, chairman and chief executive officer of GlobalTranz. “The Global Freight Source deal was strategic for us in that it brought a considerable amount of best practice knowledge that can be transferred to our other freight agents to accelerate revenue growth. Mergers and acquisitions will continue to be a key component of our growth strategy going forward, and we are pleased that this deal is being recognized by ACG.”
GlobalTranz is a technology-driven freight brokerage company specializing in LTL, full truckload, third-party logistics and expedited shipping services. GlobalTranz is leading the market in innovative logistics technology that optimizes the efficiency of freight movement and matches shipper demand and carrier capacity in near real-time. Leveraging its extensive freight agent network, GlobalTranz has emerged as a fast-growing market leader with a customer base of over 25,000 shippers. In 2017, Transport Topics ranked GlobalTranz as the 13th largest freight brokerage firm in the U.S. For more information, visit www.globaltranz.com and follow us on LinkedIn and Twitter @globaltranz.