GlobalTranz Enterprises reported it has acquired SynchOne.
According to a release, the acquisition demonstrates GlobalTranz’s continued execution of its strategy to drive market leadership through both organic and acquired growth.
SynchOne is the LTL (less-than-truckload) 3PL solutions business of Synchrogistics. SynchOne has significant freight management expertise and best practices that help improve operational excellence. SynchOne’s ability to build strategic relationships and provide exceptional customer service makes it a valuable addition to GlobalTranz.
“SynchOne has worked with GlobalTranz as a freight agent for over seven years. We have leveraged GlobalTranz’s technology to help drive valuable solutions for our customers,” said Bill Jackson, founder of SynchOne. “We are excited to make our LTL solutions business part of GlobalTranz and look forward to helping drive company growth.”
GlobalTranz reported its 2018 Q2 Earnings on July 25, reporting record revenue and profit growth as a result of the company’s ability to implement technology-driven logistics and transportation solutions.
SynchOne is GlobalTranz’s sixth acquisition since January 2017, expanding its footprint and capabilities with Dallas-based AJR Transportation, Salt Lake City-based Apex Logistics Group, Milwaukee-based Global Freight Source, Minneapolis-based Logistics Planning Services, and Richmond-based Worthington Logistics.
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Copyright Close-Up Media, Inc. Aug 20, 2018