OIA Global, a worldwide transportation, supply chain management and packaging solutions provider, announced that it has acquired U.S. Worldwide Logistics, Inc. (USWWL) a Kentucky-based provider of domestic and international freight forwarding, and warehousing and distribution services. Financial terms of the transaction were not disclosed.
“This acquisition is an important step in our overall growth strategy and confirms our commitment to continue building our U.S. client base, particularly in the Cincinnati – Northern Kentucky metropolitan area,” said Charlie Hornecker, CEO of OIA Global. “Both Pam and Steve Stapleton have built a growing and profitable company by delivering full-service, worldwide transportation and logistics services for a variety of clients. We welcome them to the OIA team and look forward to working together to achieve even more success," he added.
“We are joining one of the fastest growing companies in the transportation and logistics industry. OIA is a company with a great brand and a great culture,” said Pam Stapleton, CEO and President of U.S. Worldwide Logistics, Inc. “This new partnership will put us in a solid position to meet the growing needs of our customers, as well as enlisting a dual commitment to provide advanced supply chain solutions and superior customer service to our clients globally”, she added.
“We will continue to look for these types of acquisitions in the future,” said Hornecker, “provided they are strategic to our business, help grow our brand, expand our global network and create more value for our customers, employees, shareholders and financial partners."