GlobalTranz acquires Global Freight Solutions in third takeover this year
Buying Chicago freight broker intended to expand market share for private equity-backed GlobalTranz.
Freight broker and third party logistics provider (3PL) GlobalTranz Enterprises Inc. today said it has acquired the Chicago-based freight broker Global Freight Solutions in a move to expand its market share and drive profitable growth through 2020.
Terms of the deal were not disclosed.
The move marks the third acquisition by Phoenix-based GlobalTranz in 2019 alone, as the company continues to leverage the deep pockets of its corporate owner, the private equity group Providence Equity Partners LLP.
Global Freight Solutions says it has operated for over 25 years and brings to GlobalTranz technology-enabled freight management best practices and a customer service focus. "Today's shippers expect higher-touch service and support combined with differentiated technology and data solutions," Global Freight CEO Dan Supis said in a release. "As their needs evolve, GlobalTranz is there with a full suite of services and solutions necessary to succeed."
Resources Mentioned In This Article
Covenant Transport Solutions: Meeting Customer Expectations for Real-time Freight Visibility with Descartes MacroPoint™
Join the Discussion
After you comment, click Post. If you're not already logged in, you will be asked to log in or register.
Feedback: What did you think of this article? We'd like to hear from you. DC VELOCITY is committed to accuracy and clarity in the delivery of important and useful logistics and supply chain news and information. If you find anything in DC VELOCITY you feel is inaccurate or warrants further explanation, please ?Subject=Feedback - : GlobalTranz acquires Global Freight Solutions in third takeover this year">contact Chief Editor David Maloney. All comments are eligible for publication in the letters section of DC VELOCITY magazine. Please include you name and the name of the company or organization your work for.