GlobalTranz acquires Apex Logistics Group

Apex Logistics Group, an enterprise shipping and logistics company based in American Fork, Utah, is freight management solutions provider GlobalTranz Enterprises, Inc.’s fourth acquisition so far in 2017.    Scottsdale, Ariz.-based GlobalTranz Enterprises, Inc., a technology-driven freight management solutions provider, revealed Thursday it has acquired Apex Logistics Group, an enterprise shipping and logistics company based in American Fork, Utah.
   Financial terms of the deal were not disclosed.
   Apex Logistics Group serves an extensive client base, including Anheuser Busch, Del Monte, JR Simplot, Kroger, Niagara, Sysco and US Foods.
   GlobalTranz made three other acquisitions in 2017, including Global Freight Source, Logistics Planning Services and Worthington Logistics.
   During the third quarter of 2017, GlobalTranz recorded a 42 percent year-over-year boost in revenues, while earnings grew 70 percent.
   Looking ahead, a GlobalTranz spokesperson told American Shipper Thursday, “Acquisitions are expected to continue in 2018 and beyond as part of our growth strategy. We are experiencing significant growth from both organic and strategic efforts.”