Denver, Co – Capstone Headwaters, a leading international investment banking firm, advised Apex Logistics Group on its acquisition by GlobalTranz Enterprises, Inc. Terms of the deal were not disclosed.
Apex Logistics, a prominent enterprise shipping and logistics company, has been operating successfully from its Utah base for over 10 years. The company offers value added freight management services that drive efficiency, reliability and cost savings for businesses. Apex currently serves an extensive client base, including Anheuser Busch, Del Monte, JR Simplot, Kroger, Niagara, Sysco and US Foods as a result of its expertise in temperature-controlled and truckload freight services. Apex’s strong freight brokerage operation and deep industry experience in concert with GlobalTranz’s innovative technology and logistics solutions will further enhance the value proposition for shippers.
“As a company that has always focused on creating value for our customers and building long-term partnerships, we are extremely pleased to be joining a market leader like GlobalTranz,” said Luke Saari, president and chief executive officer of Apex Logistics Group. “GlobalTranz will enable us to more quickly expand our freight brokerage services and provide an innovative logistics technology platform that will drive operational efficiencies, cost savings and strategic advantage for our clients.”
Added Mark McIntosh, Partner and Chief Financial Officer of Apex Logistics Group, “we have nothing but great things to say about the team at Capstone Headwaters. As with many transactions, ours was not a straight forward engagement. We engaged the Transportation & Logistics team very early in order to help us gauge the market and to benchmark our performance as we prepared for a transaction. They were extremely helpful with providing guidance and analytics that refined our timing to market and overall strategy. We benefited greatly from their industry expertise and transaction experience.”
GlobalTranz is a technology-driven freight brokerage company specializing in LTL, full truckload, third-party logistics and expedited shipping services. GlobalTranz is leading the market in innovative logistics technology that optimizes the efficiency of freight movement and matches shipper demand and carrier capacity in near real-time. Leveraging its extensive freight agent network, GlobalTranz has emerged as a fast-growing market leader with a customer base of over 25,000 shippers. In 2017, Transport Topics ranked GlobalTranz as the 13th largest freight brokerage firm in the U.S. For more information, visit www.globaltranz.com.