PHOENIX & CHICAGO--(BUSINESS WIRE)--GlobalTranz Enterprises, Inc., a leading technology-driven third-party logistics (3PL) solutions provider, today announced that it has closed its previously announced acquisition of AFN Logistics, an award-winning leader in freight brokerage, 3PL and transportation management services. The acquisition further accelerates GlobalTranz's growth and market leadership in the 3PL industry, and creates a company that will exceed $1.5 billion in revenue.
“We are excited to welcome the AFN team and to combine the unique strengths of both companies,” said Bob Farrell, chairman and CEO. “AFN, combined with GlobalTranz, creates a powerful 3PL with a market-leading end-to-end logistics tech suite, expansive network of high-quality and dedicated-capacity, and top talent in the industry. Our joint company will further accelerate our ability to provide sophisticated technology and transportation solutions that drive operative and competitive advantages for our customers.”
AFN Logistics is GlobalTranz’s seventh acquisition since January 2017, expanding its footprint and capabilities with Greensboro-based SynchOne, LLC, Dallas-based AJR Transportation, Salt Lake City-based Apex Logistics Group, Milwaukee-based Global Freight Source, Minneapolis-based Logistics Planning Services, and Richmond-based Worthington Logistics.
Ranked the 10th largest freight brokerage in the U.S. by Transport Topics and voted an Inbound Logistics Top 10 3PL for 2018, GlobalTranz is driving strong growth with 25,000+ customers through technology innovation, a network of 34,000+ carriers, transformative M&A, creative products and superior customer service delivered by the best people in the industry.
For more information about GlobalTranz, visit www.globaltranz.com and follow us on LinkedIn and Twitter @globaltranz.
About AFN Logistics
AFN is an award-winning leader in freight brokerage, third-party logistics, and transportation management services that has served the needs of major manufacturers, top-20 retailers, and best-in-class carriers in North America since 2003. Known for its commitment to client service, AFN has a robust suite of people-first, technology-enabled solutions — from truckload, LTL, managed transportation and consolidation services to risk management, carrier compliance, cargo security and surveillance, and more.
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 2018, Transport Topics ranked GlobalTranz as the 10th largest freight brokerage firm in the U.S.
About The Jordan Company, L.P.
TJC (www.thejordancompany.com), founded in 1982, is a middle-market private equity firm that has managed funds with original capital commitments in excess of $11 billion since 1987 and a 35-year track record of investing in and contributing to the growth of many businesses across a wide range of industries including Industrials, Transportation and Logistics, Healthcare and Consumer, and Telecom, Technology and Utility. The senior investment team has been investing together for over 20 years and is supported by the Operations Management Group, which was established in 1988 to initiate and support operational improvements in portfolio companies. Headquartered in New York, NY, TJC also has an office in Chicago, IL.