Deal creates largest freight audit and payments platform in Canada
Freight audit, payments and consulting company AFS Logistics announced Tuesday the acquisition of Canadian peer DTA Services.
Based in Toronto, 102-year-old DTA is the second-biggest freight bill auditing, cost management and analytics outfit in Canada. The company primarily advises manufacturers, retailers and consumer packaged goods companies on managing their transportation spend. In addition to growing AFS’ Canadian footprint, the deal will add parcel, less-than-truckload, freight brokerage and forwarding to DTA’s lineup.
The combination creates the largest freight audit and payments platform in Canada.
DTA will continue to operate under its current name as a separate operating company of AFS. The current management team will remain in place.
Financial terms of the transaction were not disclosed.
“With our combined presence and product offering, we have an incomparable opportunity to create value for our customers on both sides of the border,” AFS CEO Tom Nightingale stated in a press release.
Shreveport, Louisiana-based AFS is a 3PL providing supply chain consulting and execution services. Prior to the transaction, the company managed $10 billion in freight payments with more than 350 logistics professionals out of seven offices in the U.S. The acquisition of DTA adds another location and approximately 30 employees.
“It’s incredibly exhilarating to hand the reins of this mature industry leader and exceptionally skilled team over to such a competent, strategic buyer who shares our values and passion for our staff and clients,” Melissa Gracey, president and CEO at DTA, said in the press release.
“This acquisition broadens and deepens our value proposition to clients in the U.S. and Canada through the trusted relationships DTA has built over decades,” added Scott Matthews, president of operating companies at AFS.