{"id":14529,"date":"2018-10-18T06:00:00","date_gmt":"2018-10-18T06:00:00","guid":{"rendered":"\/?page_id=14529"},"modified":"2025-03-06T01:47:19","modified_gmt":"2025-03-06T06:47:19","slug":"odyssey-agrees-acquire-aff-global-logistics","status":"publish","type":"news","link":"https:\/\/www.odysseylogistics.com\/news\/odyssey-agrees-acquire-aff-global-logistics\/","title":{"rendered":"Odyssey Logistics announces intent to acquire AFF Global Logistics"},"content":{"rendered":"\t\t
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Highly complementary business combination expands Odyssey\u2019s asset-light logistics market position as a critical partner to supply-chain customers worldwide<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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October 18, 2018<\/strong> \u2014 Odyssey Logistics & Technology Corporation (\u201cOdyssey\u201d) a global logistics leader that provides comprehensive multi-mode service and technology solutions across a diverse customer base, today announced that it has entered into an agreement to acquire AFF Global Logistics<\/a>\u00a0(\u201cAFF\u201d), a third-party logistics provider and freight forwarder operating in global markets, with acknowledged market leadership in providing door-to-door domestic forwarding for U.S. offshore markets (Alaska\/Hawaii\/Puerto Rico).<\/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 acquisition of AFF, headquartered in Fife, WA, supports Odyssey\u2019s core strategy of operating an asset-light logistics business with the scope and scale to be a critical partner to both shippers and carriers worldwide. The capabilities of the combined organization will allow Odyssey to approach customers with a differentiated solution for their entire supply chain, competing effectively against the market\u2019s leading logistics companies.<\/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 highly desirable acquisition of AFF continues Odyssey\u2019s expansion into the complex global multi-modal logistics services arena that often presents considerable competitive barriers to market entry,\u201d said\u00a0Bob Shellman<\/a>, president and chief executive officer, Odyssey. \u201cAFF\u2019s load consolidation expertise, U.S. offshore markets coverage, warehouse network and Asia Pacific import business will markedly enhance Odyssey\u2019s strong truck, rail, marine and facility networks. This transaction reflects Odyssey\u2019s commitment to continuous growth and expansion of services, which we expect will be complementary and provide a broader range of services to both Odyssey and AFF global 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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AFF represents Odyssey\u2019s largest strategic acquisition to date, adding over 35 global locations and 600 employees, which will raise Odyssey\u2019s workforce to more than 2,400 worldwide.<\/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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\u201cOdyssey is a recognized global logistics leader, providing comprehensive supply-chain solutions across a diverse customer base,\u201d said Kevin Kelly, chief executive officer, AFF Global. \u201cI am excited about the accretive benefit that this transaction will produce, and can assure our dedicated employees, valued customers and key suppliers that our teaming with Odyssey will expand our capabilities, while maintaining the level of service and confidence in AFF that we have established over our many years of association.\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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The transaction is expected to close by year-end subject to satisfaction of customary closing conditions.<\/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 that it has entered into an agreement to acquire AFF Global Logistics (\u201cAFF\u201d), a third-party logistics provider and freight forwarder operating in global markets, with acknowledged market leadership in providing door-to-door domestic forwarding for U.S. offshore markets (Alaska\/Hawaii\/Puerto Rico).<\/p>\n","protected":false},"author":2,"featured_media":24915,"menu_order":1,"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-14529","news","type-news","status-publish","has-post-thumbnail","hentry","newsroom_category-news-releases"],"acf":[],"yoast_head":"\nOdyssey Logistics | Announces Intent to Acquire AFF Global Logistics<\/title>\n<meta name=\"description\" content=\"Odyssey has entered into an agreement to acquire AFF Global Logistics (\u201cAFF\u201d), a third-party logistics 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