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Odyssey Logistics & Technology Corporation Acquires RPM Consolidated Services, Inc.

The acquisition enhances Odyssey's position as a leader in domestic freight forwarding services and expands the company's Multimodal Global Solutions Division portfolio


News provided by

Odyssey Logistics & Technology Corporation

Jan 31, 2020, 06:00 ET

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Odyssey Logistics & Technology Corporation
Odyssey Logistics & Technology Corporation

DANBURY, Conn., Jan. 31, 2020 /PRNewswire-PRWeb/ -- Odyssey Logistics & Technology Corporation ("Odyssey"), the global leader in complex logistics and technology solutions, announced the acquisition of RPM Consolidated Services, Inc. (RPM), based in Fullerton, CA, effective January 28, 2020.

Odyssey specializes in comprehensive global logistics and transportation services, including intermodal, trucking, bulk container, global forwarding and transportation management services, which are supported by a proprietary, global technology platform. RPM is a full-service logistics and warehousing provider specializing in Jones Act markets, offering door-to-door ocean, ground and air freight forwarding services to Hawaii and Puerto Rico, with extended services to Alaska, Guam and the Caribbean. RPM is a certified SmartWay Transport Partner, critical to upholding the safety and environmental standards of the transportation industry.

"Together, our companies can help more customers keep up with the increasing demands and shipment security requirements of transporting their goods – and, with the support of RPM’s domestic network infrastructure and operations, we’ll have even more robust services to offer our customers."

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"This is a highly accretive transaction that complements our acquisition of AFF Global Logistics in 2018. We've long respected the supply chain network built by RPM as we continue to expand our domestic freight forwarding services," said Bob Shellman, CEO of Odyssey. "RPM and Odyssey have common goals: constant innovation, quality service and secure freight delivery. Together, our companies can help more customers keep up with the increasing demands and shipment security requirements of transporting their goods – and, with the support of RPM's domestic network infrastructure and operations, we'll have even more robust services to offer our customers."

RPM will join Odyssey's Multimodal Global Solutions Division, led by division president Keith Hancock, which seamlessly integrates acquired business units into complementary modes and freight service offerings on a global scale.

"We're thrilled to welcome RPM into the Multimodal Global Solutions Division and bolster our value proposition within similar business units," says Hancock. "RPM has strong domestic forwarding ties in Jones Act markets, highlighted by a unique door-to-door service to Hawaii providing all modes of logistics and warehousing services."

Shawn Duke, President, RPM Consolidated Services, Inc. also added, "This is an incredible opportunity for RPM. We're looking forward to the impressive footprint this creates for the industry and the opportunity to join the freight forwarding portfolio of Odyssey and its Multimodal Global Solutions Division."

About Odyssey Logistics & Technology Corporation (Odyssey)
Odyssey Logistics & Technology Corporation (Odyssey) is a global logistics solutions provider with a freight network exceeding $3B globally. Odyssey improves its customers' supply chain performance through a proprietary, predictive-global technology platform, an international network of logistics engineering experts and specialized processes that drive quality, safety and sustainability. Its Door-To-Done® approach to complex global logistics helps ensure products are delivered through a safe, secure and environmentally responsible system. In addition to being certified by Responsible Care® and a leader in Jones Act transportation, Odyssey offers a broad portfolio of services including intermodal, over-the-road trucking, warehousing, global forwarding, managed services and consulting. Serving its customers' multifaceted, intricate logistics needs, Odyssey operates in high-barrier-to-entry markets with specialized bulk transportation services that include bulk truck, ISO Tank, railcar and tanker, as well as food-grade product lines. Odyssey also prioritizes giving back to the community by supporting various organizations including Project Outreach® and Junior Achievement®. For more information on Odyssey, visit http://www.odysseylogistics.com.

About RPM Consolidated Services, Inc.
Founded in 1985, RPM Consolidated Services, Inc. is a full-service provider of asset and non-asset based transportation services headquartered in Fullerton, CA. RPM specializes in domestic offshore freight forwarding between the US mainland and Hawaii, Puerto Rico, The Virgin Islands, Caribbean Islands, Alaska and Guam with company offices, warehouses and cross-dock facilities spread across California, Hawaii, Florida and Puerto Rico. RPM's offshore services are supported by its branded subsidiary operations including Royal Hawaiian Express, Royal Global Express, Inc. and RPM Transportation (Hawaii), Inc. RPM is also known for its exceptional levels of services within California for LTL, TL, and ocean container drayage services provided by RPM Transportation, RPM Truckload, and RPM Harbor Services. RPM's warehouse division provides container transloading, pool distribution/consolidation and the ability to move product anywhere in North America using our non-asset based transportation management subsidiary, RPM Logistics.

SOURCE Odyssey Logistics & Technology Corporation

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