Danbury Trucking and Logistics Firm Acquires Rival

DANBURY, CT — The Danbury-based Odyssey Logistics & Technology Corporation, a provider of freight transport, has announced it has completed the acquisition of AFF Global Logistics for $465 million.

Odyssey’s services include international transportation management, intermodal services, trucking services, and managed services and consulting. The company has operations in North America, Europe and Asia.

AFF is headquartered in Fife, WA, and is recognized as a leading U.S. domestic offshore provider (Alaska/Hawaii/Puerto Rico), with additional ground, rail and air transportation, ocean freight forwarding of dry and temperature-controlled products, project logistics, and warehouse and distribution services offered worldwide.

“The acquisition of AFF is a significant achievement in the continued evolution of Odyssey,” said Bob Shellman, president and chief executive officer, Odyssey. “It creates tremendous and immediate value for Odyssey and its customers. Our combined market leverage supports a significant enterprise multiplier as we integrate our comprehensive solutions globally.”

To support the transaction, Odyssey’s Multimodal Global Solutions Division has been established to integrate Odyssey and AFF business units that offer complementary modes and services across common global markets. The new division will be led by Keith Hancock, who previously served as president and CEO of Odyssey’s Capital Transportation Solutions subsidiary.