M&A Deal Summary

GlobalTranz Acquires AFN Logistics

On September 13, 2018, GlobalTranz acquired transportation company AFN Logistics

Acquisition Highlights
  • This is GlobalTranz’s 6th transaction in the Transportation sector.
  • This is GlobalTranz’s 5th transaction in the United States.
  • This is GlobalTranz’s 1st transaction in Illinois.

M&A Deal Summary

Date 2018-09-13
Target AFN Logistics
Sector Transportation
Buyer(s) GlobalTranz
Deal Type Add-on Acquisition

Target

AFN Logistics

Niles, Illinois, United States
AFN LLC is a provider of freight brokerage, third party logistics and transportation management services. AFN was founded in 2003 and is based in Niles, Illinois.

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Buyer(S) 1

Buyer

GlobalTranz

Scottsdale, Arizona, United States

Category Company
Founded 2003
Sector Transportation
DESCRIPTION

GlobalTranz is a technology-driven freight brokerage company specializing in LTL, full truckload, third-party logistics, and expedited shipping services. GlobalTranz 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. GlobalTranz was founded in 2003 and is based in Scottsdale, Arizona.


DEAL STATS #
Overall 6 of 9
Sector: Transportation M&A 6 of 9
Type: Add-on Acquisition M&A Deals 6 of 9
State: Illinois M&A 1 of 2
Country: United States M&A 5 of 8
Year: 2018 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-10 AJR Transportation

Barnsley, United Kingdom

AJR Transportation is a provider of shippers of all sizes value-added freight management services and technology that drives efficiency, reliability and cost savings for their businesses. AJR Transportation is based in Barnsley, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-16 Our Freight Guy

Riverside, California, United States

Our Freight Guy is a service-driven logistics solutions company. Our Freight Guy is based in Riverside, California.

Buy -