Portland Company Continues to Expand Through Purchases US – News out this week that OIA Global, the supply chain management company headquartered in Portland, Oregon, has acquired New Jersey based logistics group American Cargo Express (ACE). No financial details of the purchase have been revealed. ACE, formed in 1988, specialises in freight forwarding, warehousing and trade management, with over 200 employees and 11 offices.
The deal was considered a good fit for OIA which also began life the same year and is itself a privately owned subsidiary of Indianapolis-based LDI Ltd, designs bespoke supply chains worldwide and trades principally in the fields of global logistics, materials sourcing and packaging solutions utilising over 1,200 staff in 69 owned offices, and claiming a worldwide presence in 27 countries. Charlie Hornecker, CEO of OIA Global commented on the deal saying:
“We value ACE’s nearly 30-year commitment to providing quality freight forwarding, warehousing fulfilment, as well as its inventory and trade management services to its customers. Joining forces with ACE expands OIA’s footprint into the highly competitive Canadian market of Toronto, and adds to our global network of locations which includes countries in Europe, Asia, and South America.
”Acquisitions such as these only work if we can continue to innovate and provide value-enhanced benefits with our ‘customer-first’ service. 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.”
American Cargo Express President Rick Trizano, one of the original founders of the company agreed that the amalgamation of the two made good sense, saying:
“We are joining a fast growing company with one of the most unique value propositions in the supply chain and logistics space. OIA’s ability to manage customers’ procurement and sourcing needs will dovetail very well with ACE’s supply chain services. Most importantly, OIA has a great employee-driven culture, which is what makes it even more meaningful.”
This latest deal is just the last of a policy of acquisition which OIA has adopted over the past few years. Since LDI bought its majority stake in 2009 the company has bought up Cleveland headquartered International Transport Services, local Portland packing materials company PACCESS LLC, and international transport group Bellville International, based in London and the holding company for Bellville Rodair in Europe, the US, China and Brazil. Since then it has also acquired Kentucky company, US Worldwide Logistics Inc (USWWL).