FIFE, WA., July 6, 2017 — American Fast Freight, Inc., the largest U.S. domestic ocean freight forwarder specializing in less-than-container-load freight shipments, today announced that it had acquired Grand Worldwide (“GWW” or the “Company”). American Fast Freight is currently owned by The Resolute Fund II, L.P., a private equity fund managed by The Jordan Company, L.P., and American Fast Freight’s management team.
Headquartered in Chicago, Illinois, GWW is a leading warehouse and third-party logistics company serving the beverage/spirits, food and paper industries, among others.
The purchase of GWW expands American Fast Freight’s global logistics platform by adding blue chip customers, a talented management team, more than two million square feet of warehouse space, and over 150 rail spots.
Dave Schulman, President of GWW, will continue to have an advisory role and has re-invested a significant portion of his sale proceeds into American Fast Freight.
“We are extremely excited to have GWW as part of the American Fast Freight family of companies,” said American Fast Freight, Inc. President and CEO, Kevin Kelly. “In 2015, we expanded our reach into the Caribbean market with the addition of Caribbean Shipping Services. Last year’s acquisition of Global Transportation Services expanded services beyond our primary Jones Act markets of Alaska, Hawaii, Guam, and Puerto Rico. The addition of GWW complements our global logistics platform and will provide many service benefits to current and new customers.”
“With the many synergies we share, we will be able to provide new service offerings and value to the customers of both companies,” said Dave Schulman. “We could not have chosen a better partner for our succession plan.”
About American Fast Freight, Inc.
American Fast Freight (www.americanfast.com) is a transportation and logistics company headquartered in Fife, Washington. American Fast Freight and its affiliated companies provide a wide range of ocean freight forwarding of dry and temperature control goods, trucking, project logistics and warehousing-distribution services. The core business is ocean freight consolidating and forwarding, historically specializing in the domestic Jones Act markets of Alaska, Hawaii, Guam and Puerto Rico.
If you would like more information regarding this topic, or to schedule an interview with Mr. Kelly or Mr. Schulman, please call Chris De La Cruz at 253-926-5047 or email firstname.lastname@example.org.