GlobalTranz Boasts Ninth Acquisition in Two Years
Circle 8 Logistics is the latest company to be added to the list of acquisitions for leading third-party logistics solutions provider, GlobalTranz. The company confirmed the acquisition this week, confirming added support for expansion efforts specifically in the Chicago region while adding value to 3PL initiatives.
“Circle 8 has a strong history of providing its customers with superior services and logistics solutions,” said Renee Krug, CEO of GlobalTranz. “Circle 8 has combined a focus on people, processes and technology to drive growth via unique solutions for its customers and strong carrier partnerships. The combination will further accelerate our growth and market leadership in the 3PL industry,” she added.
Circle 8 is a third-party multimodal transportation and logistics services provider with a reputation of ethical business practices combined with its extensive history of satisfied customers represented in its 98 percent customer retention rate.
“Since the founding of our business in 2001, Circle 8 has provided innovative solutions with honesty and integrity,” said Mike Lewis, co-founder and co-CEO of Circle 8.
The Lombard-based company represents the ninth acquisition for GlobalTranz since January 2017.
“GlobalTranz is clearly executing on its strategy of driving growth both organically and via complementary, accretive acquisitions,” said Bob Farrell, executive chairman of GlobalTranz. “Our unique hybrid combination of the best independent freight agents in the industry with our strong direct channels is a clear differentiator. Circle 8 will further enhance our channels to market.”