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Odyssey Logistics & Technology Corp. acquired full-service logistics and warehousing provider RPM Consolidated Services Inc., the Danbury, Conn.-based company announced Jan. 30.
Odyssey focuses on innovative technologies and boasts a freight network exceeding $3 billion globally. The acquisition is intended to boost its domestic freight-forwarding services and expand its global multimodal division.
“This is a highly accretive transaction that complements our acquisition of AFF Global Logistics in 2018,” Odyssey CEO Bob Shellman said in a statement. “We’ve long respected the supply chain network built by RPM as we continue to expand our domestic freight-forwarding services.”
Odyssey specializes in global logistics and transportation services, including intermodal, trucking, bulk container, global forwarding and transportation management. RPM will add to that portfolio with its door-to-door ocean, ground and airfreight forwarding services.
RPM also operates in Hawaii and Puerto Rico, with extended services to Alaska, Guam and the Caribbean. The company also upholds safety and environmental standards as a certified SmartWay Transport Partner. RPM is based in Fullerton, Calif.
“This is an incredible opportunity for RPM,” President Shawn Duke said in a statement. “We’re looking forward to the impressive footprint this creates for the industry and the opportunity to join the freight-forwarding portfolio of Odyssey and its Multimodal Global Solutions Division.”
Odyssey Logistics & Technology ranks No. 41 on the Transport Topics Top 50 list of the largest logistics companies in North America. RPM Consolidated Services ranks No. 46 on the TT list of the largest freight brokers in North America. — Transport Topics
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