The Jordan Company has signed an agreement to acquire Odyssey Logistics & Technology from Boston Millennia Partners. This transaction is expected to close by the end of September.
Odyssey Logistics & Technology is a provider of logistics services including intermodal services, trucking services, managed services, international transportation management and consulting. The company has operations in North America, Europe and Asia, and operates in all modes of transport including TL/LTL trucking, containership, rail, air, and bulk transport including bulk truck, ISO Tank, railcar and tanker, as well as food-grade product lines. Odyssey, founded in late 2002 as a spin-out from Union Carbide, is headquartered in Danbury, CT (www.odysseylogistics.com).
“With The Jordan Company, Odyssey will continue its path of strategic growth, both organically and through acquisitions,” said Bob Shellman, Odyssey’s President and CEO. “This transaction underscores our consistent focus on providing broader service offerings, a larger transportation network and advanced technology to enhance our global supply chain capabilities.”
“The Jordan Company targets partnerships with established and profitable companies like Odyssey,” said Brian Higgins, Senior Partner, The Jordan Company. “We are excited to partner with Odyssey’s leadership team and to support their vision for continued growth through investment in services and technologies for their customers.”
The Jordan Company is a middle-market private equity firm with over $6 billion of assets under management. The firm was founded in 1982 and is headquartered in New York with an additional office in Chicago (www.thejordancompany.com).
J.P. Morgan was the financial advisor to Odyssey on this transaction.
© 2017 Private Equity Professional | August 31, 2017
