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GlobalTranz Acquires Apex Logistics Group

| December 7, 2017

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GlobalTranz Enterprises, Inc., a leading freight management solution provider, has acquired Apex Logistics Group, a prominent enterprise shipping and logistics company.

The acquisition ncreases the company’s market share in third-party logistics (3PL) services.

Apex Logistics Group has been operating for over 10 years with a client base that includes Anheuser Busch, Del Monte, JR Simplot, Kroger, Niagara, Sysco and US Foods.

“As a company that has always focused on creating value for our customers and building long-term partnerships, we are extremely pleased to be joining a market leader like GlobalTranz,” said Luke Saari, president and chief executive officer of Apex Logistics Group. “GlobalTranz will enable us to more quickly expand our freight brokerage services and provide an innovative logistics technology platform that will drive operational efficiencies, cost savings and strategic advantage for our clients.”

“With the addition of Apex Logistics Group, GlobalTranz is gaining an incredible team of logistics professionals,” said Bob Farrell, chairman and chief executive officer of GlobalTranz.

Apex Logistics Group is GlobalTranz’s fourth acquisition in 2017, expanding its footprint with the additions of Milwaukee-based Global Freight Source, Minneapolis-based Logistics Planning Services and Richmond-based Worthington Logistics. GlobalTranz recently announced its 2017 Q3 earnings; reporting record revenues, up 42% year over year.

 

Category: General Update, News

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