DANBURY, Conn. (August 26, 2014) –Odyssey Logistics & Technology Corporation (Odyssey), a leader in global supply chain logistics, today announced the acquisition of Alternative Distribution Systems Logistics Company, Inc. (ADS Logistics), a full service metals logistics provider based out of Chesterton, Indiana.
Established in 1978, ADS Logistics offers trucking, warehousing, and intermodal services through its three divisions: Area Transportation, Roll & Hold, and Western Intermodal. Area Transportation utilizes both asset-based and independent contractor fleets, servicing primarily the Midwest, Mid-Atlantic, West Coast, and several Southern regions. Roll & Hold has approximately 500,000 square feet of storage space and value added services in five strategically placed locations.
Western Intermodal facilities ship material between Chicago, IL and the West Coast and are capable of providing drayage and trans- loading services as well as temporary storage for on-demand shipment to customers.
The acquisition strengthens Odyssey’s existing leadership position. Bob Shellman, CEO of Odyssey, commented, “ADS Logistics is a tremendous addition to our intermodal network and brings both trucking and warehousing capabilities.”
Bill Ritter, President and CEO of ADS Logistics, added, “Becoming part of the Odyssey family of logistics services is an excellent opportunity for us. Odyssey shares our values of safety, service, and professionalism, and with its large network, leading edge technology, and logistics expertise we will provide our customers with an even broader range of services and solutions.”
Odyssey Logistics & Technology Corporation (Odyssey) is a global lead logistics solutions provider offering a broad array of services to support the shipment of cargoes, estimated at over $60B, moving both domestically and internationally to over 100 ports around the world. With operations in North America, Europe and the Far East, Odyssey operates in all modes of transport with TL/LTL trucking, containership, rail, air, and the more complex areas of bulk transport including bulk truck, ISO Tank, railcar and tanker, as well as food-grade product lines. Odyssey’s services include truck brokerage, intermodal transportation, customs brokerage, freight forwarding, facilities management, rail fleet management, sample and small order distribution and more.
The Odyssey Global Logistics PlatformSM features a transportation management system that supports the safe, reliable and efficient delivery of client’s products throughout the world. WIN (Web Integrated Network) offers a scalable technology solution with an accelerated deployment and faster time to value.
About CMEA Capital
CMEACapital is a San Francisco-based venture capital firm with a clear focus on life sciences, high technology, and energy and materials investments. They believe that the most successful venture backed companies are those that are science based, with experienced teams that have a vision. As a result, CMEA Capital typically invests in companies that have cutting edge and highly differentiated technology at their core and founding teams of the highest caliber still in place. These are companies that have the potential to transform their industries.