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  6. GlobalTranz Acquires Logistics Planning Services

M&A Deal Summary

GlobalTranz Acquires Logistics Planning Services

On May 16, 2017, GlobalTranz acquired transportation company Logistics Planning Services

Acquisition Highlights
  • This is GlobalTranz’s 2nd transaction in the Transportation sector.
  • This is GlobalTranz’s 2nd transaction in the United States.
  • This is GlobalTranz’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2017-05-16
Target Logistics Planning Services
Sector Transportation
Buyer(s) GlobalTranz
Deal Type Add-on Acquisition

Target

Logistics Planning Services

Woodbury, Minnesota, United States
Logistics Planning Services is a third-party logistics (3PL) company providing single-source transportation management and logistics services for customers throughout the U.S. and overseas. Through state-of-the-art transportation management technology and dedicated logisticians, LPS simplifies the shipping process while providing meaningful cost reduction and complete visibility to cargo throughout the supply-chain.

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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 2 of 9
Sector: Transportation M&A 2 of 9
Type: Add-on Acquisition M&A Deals 2 of 9
State: Minnesota M&A 1 of 1
Country: United States M&A 2 of 8
Year: 2017 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-10 Global Freight Source

Greenfield, Wisconsin, United States

Global Freight Source, Inc. is a logistics company specializing in freight management services including LTL, full truckload, supply chain management, and international and domestic air/expedited shipping.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-16 Worthington Logistics Solutions

Midlothian, Virginia, United States

Worthington Logistics Solutions is a freight brokerage and logistics company. Worthington Logistics Solutions is based in Midlothian, Virginia.

Buy -
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