DANBURY, Conn.--(BUSINESS WIRE)--Odyssey Logistics & Technology Corporation (“Odyssey” or the “Company”), a leader in multimodal logistics solutions, announced that the Company has sold its bulk tank truck transport subsidiary, Linden Bulk Transportation LLC (“Linden”), to Boasso Global (“Boasso”). The terms of the deal are not disclosed.
Odyssey specializes in markets with complex logistics needs and is a leader in chemical logistics. The divestiture of Linden is aligned with Odyssey’s forward-focused strategy of providing neutral-to-transport solutions, allowing the company to utilize the full universe of carriers for the benefit of its customers. Odyssey will continue to expand its multimodal service offerings that optimize logistics operations across industries.
“Boasso Global is an excellent home for Linden’s employees and customers,” said Glenn Riggs, chief strategy officer at Odyssey Logistics & Technology. “Moving forward, Odyssey will continue to focus on growing our adaptive multimodal logistics offerings on a global scale through customer-centric relationships, an expansive multimodal freight network and specialized modern technology.”
Boasso was advised by Vinson & Elkins LLP as legal counsel and Stifel as financial advisor. Odyssey was advised by Kirkland & Ellis LLP as legal counsel.
For more information about Odyssey and its offerings, visit www.odysseylogistics.com, and for more information about Boasso Global and its offerings, visit https://www.boassoglobal.com.
About Odyssey Logistics & Technology Corporation
Odyssey Logistics & Technology Corporation is a global logistics provider with a freight network exceeding $3B. Our portfolio of multimodal logistics services includes intermodal, rail, ground transportation, warehousing, LTL and LCL consolidation, managed services and consulting. Our adaptive approach to solving modern logistics challenges differentiates us in the markets we serve. In addition to being certified by the American Chemistry Council as a Responsible Care® partner company we consistently exceed customer expectations by integrating analytics, carrier relationships, specialized assets, sustainability strategies and deep international expertise. Our unique approach ensures that customer shipments keep moving at full speed, even in the face of ever-changing market headwinds. Our Cloverleaf® program turns our deep commitment to sustainability into a growth engine for all stakeholders, including customers, carrier partners, consumers, investors and colleagues. Odyssey prioritizes community giving through its Project Outreach program and supports numerous charitable organizations, including Junior Achievement®. For more information visit www.odysseylogistics.com.