December 3, 2018 — Odyssey Logistics (“Odyssey”), the global leader in complex supply-chain multimodal services and technology solutions, today announced that it has completed its acquisition of AFF Global Logistics (“AFF”) for $465 million.
Odyssey provides comprehensive global logistics and transportation services, including intermodal, trucking, bulk container shipping and transportation management services supported by multiple proprietary technology platforms. AFF is a recognized leader in U.S. domestic offshore services, APAC freight forwarding and comprehensive warehousing and distribution solutions.
“The acquisition of AFF is a significant achievement in the continued evolution of Odyssey,” said Bob Shellman, president and chief executive officer, Odyssey. “It creates tremendous and immediate value for Odyssey and its customers. Our combined market leverage supports a significant enterprise multiplier as we integrate our comprehensive solutions globally.”
To support the transaction, Odyssey’s Multimodal Global Solutions Division has been established to integrate Odyssey and AFF business units that offer complementary modes and services across common global markets. The new division will be led by Keith Hancock, who previously served as president and CEO of Odyssey’s Capital Transportation Solutions subsidiary.
“The collective business units formed under the Multi Global Solutions Division will integrate, leverage and cross-sell services to drive dynamic supply-chain solutions for our combined customers worldwide,” said Kevin Kelly, president and CEO, AFF Global Logistics. “This is a growth-oriented transaction that will result in a powerful enterprise with capabilities beyond that of many competitors, to the benefit of our customers and employees alike.”
