{"id":13471,"date":"2017-08-29T15:37:39","date_gmt":"2017-08-29T15:37:39","guid":{"rendered":"\/?page_id=13471"},"modified":"2025-03-06T01:47:19","modified_gmt":"2025-03-06T06:47:19","slug":"jordan-company","status":"publish","type":"news","link":"https:\/\/www.odysseylogistics.com\/news\/jordan-company\/","title":{"rendered":"Odyssey Logistics receives equity investment from The Jordan Company"},"content":{"rendered":"\t\t
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Partnership bolsters resources for growth and continued innovation in serving the complex global logistics market<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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August 30, 2017<\/strong> \u2014 Odyssey Logistics (Odyssey), a leading global logistics provider, announced today that an affiliate of The Jordan Company has signed a definitive agreement to become the new majority shareholder in Odyssey.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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The transaction is expected to close in the third quarter, subject to customary closing conditions, and will result in the buyout of all shares currently held by the venture capital firms who initially invested to help launch the company. There will be no change in Odyssey\u2019s management, core strategy or mission. Terms of the transaction were not disclosed.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\u201cWith The Jordan Company, Odyssey will continue its path of strategic growth, both organically and through acquisitions,\u201d said\u00a0Bob Shellman<\/a>, President and CEO, Odyssey. \u201cThis transaction underscores our consistent focus on providing broader service offerings, a larger transportation network and advanced technology to enhance our global supply chain capabilities.\u201d<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\u201cThe Jordan Company<\/a>\u00a0targets partnerships with established and profitable companies like Odyssey,\u201d said Brian Higgins, Senior Partner, The Jordan Company.\u00a0 \u201cWe are excited to partner with Odyssey\u2019s leadership team and to support their vision for continued growth through investment in services and technologies for their customers.\u201d<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\u201cWe look forward to partnering with The Jordan Company as their financial investments and experience in the end markets that Odyssey serves are of significant value to the company as we continue to invest in and deliver specialized logistics solutions to our customers,\u201d said\u00a0Cosmo Alberico<\/a>, Chief Operating Officer and CFO, Odyssey.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Odyssey develops targeted, comprehensive\u00a0logistics services<\/a>\u00a0that address the unique challenges, systems, products and visions of companies worldwide. Working with Odyssey gives clients access to Odyssey\u2019s global logistics network and technology offerings that support all modes of transportation.\u00a0 Clients can choose to have Odyssey support all or a portion of their logistics needs.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\u201cAs we enter this new and exciting phase in our company\u2019s evolution, we thank our loyal customers for their support and our dedicated employees for the contributions that have made Odyssey so successful,\u201d Mr. Shellman said.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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J.P. Morgan acted as exclusive financial advisor to Odyssey in the transaction.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

Odyssey Logistics announced today that an affiliate of The Jordan Company has signed a definitive agreement to become the new majority shareholder in Odyssey.<\/p>\n","protected":false},"author":2,"featured_media":24915,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"newsroom_category":[147],"class_list":["post-13471","news","type-news","status-publish","has-post-thumbnail","hentry","newsroom_category-news-releases"],"acf":[],"yoast_head":"\nOdyssey Logistics receives equity investment from The Jordan Company - Odyssey Logistics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.odysseylogistics.com\/news\/jordan-company\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Odyssey Logistics receives equity investment from The Jordan Company - 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