GlobalTranz Enterprises Inc. of Phoenix has acquired American Fork-based Apex Logistics Group, GlobalTranz announced last week in a release. GlobalTranz is a technology-driven freight management company
Apex Logistics is a privately held logistics company founded in 2003 and specializing in LTL, full truckload and temperature-controlled transportation with warehouse management services. The company currently serves a client base that includes Anheuser Busch, Del Monte, JR Simplot, Kroger, Niagara, Sysco and U.S. Foods.
{mprestriction ids="1,3"}“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 CEO of Apex Logistics. “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 CEO of GlobalTranz. “Luke and his team have created a technology-driven freight operation and their expertise will enable us to expand our offerings and increase market share. This acquisition further accelerates our growth and vision to expand our leadership in the third-party logistics industry.”
Apex is GlobalTranz’s fourth acquisition in 2017, following Milwaukee-based Global Freight Source, Minneapolis-based Logistics Planning Services and Richmond, Virginia-based Worthington Logistics. GlobalTranz recently announced third-quarter record revenues, up 42 percent year over year.
Financial details of the transaction were not disclosed.{/mprestriction}
