Add-on Acquisition • Transportation

Odyssey Logistics Acquires AFF Global Logistics

On October 18, 2018, Odyssey Logistics acquired transportation company AFF Global Logistics from TJC

Acquisition Context
  • This is Odyssey Logistics’ 5th transaction in the Transportation sector.
  • This is Odyssey Logistics’ 5th transaction in the United States.
  • This is Odyssey Logistics’ 1st transaction in Washington.

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M&A Deal Summary

Date October 18, 2018
Target AFF Global Logistics
Sector Transportation
Buyer(s) Odyssey Logistics
Sellers(s) TJC
Deal Type Add-on Acquisition

Target Company

AFF Global Logistics

Fife, Washington, United States
American Fast Freight, Inc. is specializes in providing less-than-container load domestic ocean freight forwarding services. In addition to this core business, AFF provides its customers with a full suite of related services including: bypass mail and airfreight forwarding, relocation services, logistics and distribution.
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Buyer Overview 1

Buyer

Odyssey Logistics

Danbury, Connecticut, United States

Category Company
Founded 2003
Sector Transportation
DESCRIPTION

Odyssey Logistics is a provider of multi-modal transportation solutions and outsourced transportation management. Odyssey specializes in shipping chemicals, metals and bulk liquids, and can serve all modes of transportation through operations in North America, Europe and Asia. Odyssey Logistics was founded in 2003 and is based in Danbury, Connecticut.


Deal Context for Buyer #
Overall 5 of 7
Sector: Transportation 5 of 7
Type: Add-on Acquisition 5 of 7
State: Washington 1 of 1
Country: United States 5 of 7
Year: 2018 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-02 AsepTrans

United States

AsepTrans is an asset-based food-grade ISO tank transportation, tank cleaning and ISO tank depot services company.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-28 RPM Consolidated Services

Fullerton, California, United States

RPM Consolidated Services, Inc. is a full-service provider of asset and non-asset based transportation services. RPM specializes in domestic offshore freight forwarding between the US mainland and Hawaii, Puerto Rico, The Virgin Islands, Caribbean Islands, Alaska and Guam with company offices, warehouses and cross-dock facilities spread across California, Hawaii, Florida, and Puerto Rico. RPM Consolidated Services was established in 1985 and is based in Fullerton, California.

Buy -

Seller Profile 1

SELLER

TJC

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1982
PE ASSETS 14.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TJC is a private investment firm that specializes in acquiring North American middle-market businesses operating in basic industries. TJC specifically looks to provide liquidity for shareholders, raise capital for corporate growth and 'create significant equity opportunities for key management'. TJC will consider opportunities valued from $100 million to $2 billion in a wide variety of industries. Sectors of interest include aerospace/defense, automotive, building products, chemicals, consumer products, distribution, energy, financial services, healthcare, industrial products, insurance, metals, packaging, retail, transportation/logistics, and telecom. TJC was formerly known as The Jordan Company. The Firm was formed in 1982 and is based in New York City.


Deal Context for Seller #
Overall 40 of 61
Sector: Transportation 2 of 5
Type: Add-on Acquisition 17 of 23
State: Washington 1 of 1
Country: United States 39 of 59
Year: 2018 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-05 GlobalTranz

Scottsdale, Arizona, United States

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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-25 Syndigo

Chicago, Illinois, United States

Syndigo is a provider of digital content and retail omnichannel optimization solutions for the consumer-packaged goods and fast-moving consumer goods industries. Syndigo was founded in 1973 and is based in Chicago, Illinois.

Buy -