OIA Global Acquires International Transport Services
PORTLAND, Ore., Nov. 13, 2012 /PRNewswire/ -- OIA Global, a leading worldwide transportation, supply chain management and packaging solutions provider, announced today that it has acquired International Transport Services (ITS), a Cleveland-based provider of global transportation, and warehousing and distribution services.
"This acquisition is a strategic, operational and cultural fit for our company," said Charlie Hornecker, CEO of OIA Global. "ITS's commitment to its customers mirrors the same high level of professionalism and client service we strive to achieve and we're excited that all ITS employees will be joining OIA as a result of the acquisition."
OIA's acquisition of ITS will also reinforce the company's organic and acquisition growth strategy, by expanding its footprint in the Ohio region, specifically the Cleveland, Akron and Toledo areas, and allow for enhanced opportunities for import and export forwarding services, and warehousing and distribution services for its customers. Overall, the acquisition broadens OIA's network of owned offices from six to seven in the United States, and to 28 worldwide."Our customers will also benefit greatly from the acquisition," said Larry Yankow, President of International Transport Services. "They will have direct access to OIA's well established global network and its growing suite of transportation, warehousing, distribution and global packaging solutions. We are also very happy to be part of the OIA Global family, as there's a great cultural fit between our companies." Since 1988, OIA Global has evolved from a pioneering freight forwarder into a full-service international logistics, transportation and packaging solutions company, offering reliable international air, ground, and ocean freight forwarding with complete round-the-clock visibility. "We will continue to look for these types of acquisitions in the future," said Hornecker, "provided they are strategic to our business, help grow our brand, expand our global network while benefiting both companies and customers alike."
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV