PORTLAND, OR: January 31, 2017. OIA Global has purchased American Cargo Express (ACE) in a bid to expand its North American supply chain services. Terms of the acquisition were not disclosed.
OIA said the combined company will provide an increase in transportation, material sourcing, and packaging solutions in three major American cities as well as Toronto.
Headquartered in Union, New Jersey, ACE was founded by Rick Trizano and Chris Murray in 1988. Since then the company has grown into a multi-million dollar full-service forwarding, warehousing and trade management business with over 200 employees in 11 offices.
"Joining forces with ACE expands OIA's footprint into the highly competitive Canadian market of Toronto, and adds to our global network of locations which includes countries in Europe, Asia, and South America," said CEO Charlie Hornecker.
"Canada will mark the 27th country in which OIA Global operates and we will continue to explore these types of acquisitions in the future," he added.
Rick Trizano, president of American Cargo Express noted: "OIA's ability to manage customers' procurement and sourcing needs will dovetail very well with ACE's supply chain services. Most importantly, OIA has a great employee-driven culture, which is what makes it even more meaningful."