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GlobalTranz Closes Acquisition of AFN Logistics

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”

“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.

About GlobalTranz

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.

GlobalTranz Acquires AFN Logistics

GlobalTranz Acquires AFN Logistics

Combined company to drive expanded technology and market leadership

PHOENIX and CHICAGO (September 13, 2018)  GlobalTranz Enterprises, Inc., a leading technology-driven third-party logistics (3PL) solutions provider, today announced that it has signed a definitive agreement to acquire AFN Logistics, an award-winning leader in freight brokerage, 3PL logistics, and transportation management services. The acquisition further solidifies GlobalTranz’s position as a top freight brokerage firm and significantly increases its market share in 3PL services.  The transaction is expected to close within 45 days.

“I am excited to write the next chapter in AFN’s evolution with GlobalTranz,” said Owen Schnaper, chief executive officer of AFN. “Since Ryan Daube founded the business 15 years ago, AFN has focused on driving high value for its customers through unparalleled service with trusted freight carriers providing high-quality, consistent capacity. By combining with GlobalTranz, AFN can continue this history on a bigger platform with differentiated technology.  I know this combination will be attractive and beneficial to our clients and partners alike.”

“AFN Logistics is one of the fastest growing and most exciting companies in the 3PL space,” said Bob Farrell, chairman and chief executive officer of GlobalTranz.  “AFN has leveraged people, processes and technology to create unique solutions for its customers and develop strong carrier partnerships. Combining GlobalTranz’s and AFN’s network and technology along with the best talent in the industry creates a company that will exceed $1.5 billion in revenue and will further accelerate our growth and market leadership in the 3PL industry.”

GlobalTranz recently announced The Jordan Company, L.P. (TJC) as its new equity partner. “We are pleased to support the acquisition of AFN by GlobalTranz,” said Brian Higgins, senior partner, TJC. Higgins added, “GlobalTranz is executing on its strategy to drive market leadership by strong organic and acquired growth. AFN is a strong fit with this strategy.”

“Our unique hybrid combination of the best independent freight agents in the industry with our strong direct channels is a clear differentiator. AFN will further enhance our channels to market,” added Farrell.

Ranked the 10th largest freight brokerage in the US 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, visit www.globaltranz.com and follow us on LinkedIn and Twitter @globaltranz.

 

About GlobalTranz

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 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.

 

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, New York, TJC also has an office in Chicago, Illinois.

 

MEDIA CONTACT:
Annie Graupner 612-229–4040
communications@globaltranz.com

AFN Logistics Acquires Less Than Truckload (LTL) Company, HA Advantage

AFN Logistics Acquires Less Than Truckload (LTL) Company, HA Advantage, Gaining Proprietary TMS Technology and Expanding LTL Service Offering

Company enhances its position, in part, to capitalize on eCommerce boom as efficiency and LTL optimization become increasingly critical for retailers to profitably deliver eCommerce

NILES, Ill., July 20, 2016 /PRNewswire/ — AFN Logistics, which provides customized supply chain solutions to major manufacturers, top-20 retailers and best-in-class carriers in the U.S., announced today it has acquired Columbus, Ohio-based HA Advantage, the Transportation Management System (TMS) and LTL division of HA Logistics, Inc. The move will enhance AFN’s holistic product offerings and ultimately the value delivered to its clients.

HA Advantage is a leading TMS and LTL freight management company which empowers its clients to lower their total landed costs through increased visibility, efficiency, business intelligence and … to learn more, click here.

For more information, please see the press release!

AFN Announces Spring 2013 College Campus Recruitment Schedule

AFN, an award winning logistics company, is adding 75 new positions in 2013 Chicago, January 23, 2013 — AFN an award-winning logistics and supply chain company, has released its 2013 spring schedule for on-campus interviews and information sessions for open jobs. The company, which is located in the Chicago suburb of Niles, Illinois, plans to add over 75 new positions in 2013. To help fill these positions, AFN is actively recruiting new and recent college graduates from colleges and universities in the Midwest, including Indiana University, Miami University (Ohio), Bradley University, University of Iowa and Northern Illinois University. A complete list of the career fairs and interview sessions can be found on the AFN website. AFN is hiring for multiple entry-level positions in the rapidly growing field of logistics and supply chain management.

AFN Announces Spring 2013 College Campus Recruitment Schedule Click To Tweet

The company, founded ten years ago, has won numerous awards within the industry and as an employer. “We’ve recently been recognized as a Top 50 Employer for Gen Y Emerging Talent for building a great corporate culture where recent college grads are given the tools and the training to succeed in a growing industry. In addition to an above average salary and benefits package, we offer a work environment that’s fun, challenging and rewarding,” said Kira Meinzer, Vice President of Human Resources. Interested candidates can view position descriptions on AFN’s website and/or sign up online for the sessions through their university’s career services centers.

About AFN
Serving motor carriers, manufacturers and retailers since 2003, AFN (formerly known as Advantage Freight Network) is an award-winning leader in freight brokerage, third party logistics and transportation management services. We are known for our commitment to client service, our proactive approach to fighting cargo theft and our expertise in retail compliance. To learn more about AFN, visit https://www.loadafn.com or call 877-LOAD-AFN.