Business & Tech
Danbury Trucking Firm Acquires West Coast Rival
Odyssey Logistics & Technology Corporation In Danbury acquired RPM Consolidated Services, Inc., based in Fullerton, CA.
DANBURY, CT –Odyssey Logistics & Technology Corporation in Danbury has acquired RPM Consolidated Services, Inc., based in Fullerton, CA, effective Jan. 28.
Odyssey specializes in comprehensive global logistics and transportation services, including intermodal, trucking, bulk container, global forwarding and transportation management services, which are supported by a proprietary, global technology platform.
RPM is a full-service logistics and warehousing provider, specializing in Jones Act markets, offering door-to-door ocean, ground and air freight forwarding services to Hawaii and Puerto Rico, with extended services to Alaska, Guam and the Caribbean.
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The Jones Act is a federal law that regulates maritime commerce in the U.S., mandating that goods shipped between U.S. ports be transported on ships that are built, owned, and operated by United States citizens or permanent residents.
"This is a highly accretive transaction that complements our acquisition of AFF Global Logistics in 2018. We’ve long respected the supply chain network built by RPM as we continue to expand our domestic freight forwarding services," said Bob Shellman, CEO of Odyssey.
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RPM will join Odyssey’s Multimodal Global Solutions Division, led by division president Keith Hancock, which integrates acquired business units into complementary modes and freight service offerings on a global scale.
"We’re thrilled to welcome RPM into the Multimodal Global Solutions Division and bolster our value proposition within similar business units," said Hancock. "RPM has strong domestic forwarding ties in Jones Act markets, highlighted by a unique door-to-door service to Hawaii providing all modes of logistics and warehousing services."
Shawn Duke, president of RPM said: "This is an incredible opportunity for RPM. 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."
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