OIA Global, a worldwide transportation, supply chain management, and packaging provider, has acquired American Cargo Express, a provider of domestic and international freight forwarding, warehousing and trade management services. Financial terms of the transaction were not disclosed.
“We value ACE's nearly 30-year commitment to providing quality freight forwarding, warehousing, fulfillment, as well as its inventory and trade management services to its customers," says Charlie Hornecker, CEO of OIA Global. “Joining forces with ACE expands OIA’s footprint into the competitive Canadian market of Toronto, and adds to our global network of locations, which includes countries in Europe, Asia, and South America.”
"We are joining a fast-growing company with one of the most unique value propositions in the supply chain and logistics space," says Rick Trizano, President of American Cargo Express. "OIA’s ability to manage customers’ procurement and sourcing needs will dovetail well with ACE’s supply chain services. Most importantly, OIA has a great employee-driven culture, which is what makes it even more meaningful.”
“Acquisitions such as these only work if we can continue to innovate and provide value-enhanced benefits with our ‘customer-first’ service,” Hornecker adds. “Canada will mark the 27th country in which OIA Global operates and we will continue to explore these types of acquisitions in the future, provided they are strategic to our business, help grow our brand, expand our network and create value for our customers."
