PHOENIX--(BUSINESS WIRE)--GlobalTranz Enterprises, Inc., a leading technology-driven freight management solution provider, today announced it has won the Association for Corporate Growth (ACG) Arizona Deal of the Year Award for its acquisition of Global Freight Source, Inc. The award was presented at the ACG Deal of the Year Award Dinner on May 16, 2017.
The “Deal of the Year” is an award given by the Arizona Chapter of the ACG to recognize a company or private equity firm for its accomplishments regarding a merger, acquisition or capital market transaction. The acquisition of Global Freight Source (GFS), a leading freight brokerage and logistics company, was a strategic move that helped GlobalTranz further solidify its position as a top freight brokerage firm.
Partners who were instrumental in helping GlobalTranz in this deal include: law firm Quarles & Brady LLP, Wells Fargo bank and accounting firm RSM US LLP.
“We are thrilled to be the recipient of the ACG Arizona Deal of the Year award for our acquisition of Global Freight Source,” said Bob Farrell, chairman and chief executive officer of GlobalTranz. “We hope to be in the running again in the future, as mergers and acquisitions will continue to be a key component of our growth strategy.”
On the same day that GlobalTranz was recognized with the ACG Deal of the Year Award for its acquisition of GFS, the company announced its latest move – the acquisition of Logistics Planning Services (LPS), a leading managed transportation provider and freight brokerage company. The LPS addition will accelerate GlobalTranz’ growth and significantly increase its market share in third-party logistics (3PL) services.
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.