Capital Transportation Solutions (CTS), a non-asset based third-party logistics provider, has been acquired by Odyssey Logistics & Technology Corp. (OL&T). CTS specializes in less-than -truckload brokerage services for exporters, importers and domestic OL.
“The acquisition of CTS is a part of an overall growth strategy that expands our portfolio of service and technology,” said OL&T president & CEO Robert H. Shellman. “As we leverage our deep experience in the chemical and process industries, we will continue to extend our reach into new vertical markets. This move dramatically increases our footprint in the third-party LTL market, allowing us to better serve our current and future clients.”
CTS will be operated under the name Capital Transportation Solutions LLC, as a wholly owned affiliate of OL&T. Headquarters will remain in Kennesaw, GA.
“Becoming a part of OL&T provides us both expansion opportunities into new areas,” said John Pas, CEO and founder of Capital Transportation Solutions. “OL&T has a large LTL portfolio and synergies exist that will offer both cost savings and efficient methods of freight management.”
The purchase price was not disclosed.