Fastfrate Group has completed its acquisition of freight forwarding and customs brokerage firm Omnitrans, Inc., expanding its service offering to include 230 global trade lanes. The deal brings Fastfrate's total locations across North America to 46. With this expansion, the company now provides intermodal, trucking, drayage, and parcel delivery services.
The acquisition also allows Fastfrate to offer end-to-end transportation and logistics services from international origin to final-mile delivery, catering to customers moving freight between Asia and North America. This move positions Fastfrate as a major player in the global supply chain management market.
Omnitrans, headquartered in Montreal, is a licensed Canadian and U.S. customs broker with offices in China. The deal includes its subsidiaries—Metro Customs Brokers and Omnitrans China. Despite the acquisition, Omnitrans will continue to operate under current leadership as a standalone unit of Fastfrate.
Financial terms of the transaction were not disclosed. However, this strategic move is expected to have a significant impact on the North American logistics industry, enabling customers to access a broader range of services and increasing competition among freight forwarders.
Scotiabank acted as lead financial adviser to Fastfrate, while Stifel Canada was the exclusive financial adviser to Omnitrans. The deal marks another major acquisition in the transportation and logistics sector, highlighting the growing importance of strategic partnerships in driving business growth.
The expansion of Fastfrate's service offering is a testament to its commitment to providing customers with comprehensive supply chain solutions. With this move, the company is well-positioned to capitalize on emerging trends in global trade and supply chain management.
As the transportation and logistics industry continues to evolve, companies like Fastfrate are investing heavily in technology and strategic partnerships to stay ahead of the curve. This acquisition is a prime example of how collaboration can drive innovation and growth in the sector.
Fastfrate's acquisition of Omnitrans demonstrates its ability to adapt to changing market conditions and capitalize on new opportunities. The company's expanded service offering will provide customers with increased flexibility and choice when it comes to their supply chain needs.
The deal is also expected to have a positive impact on the global economy, as it enables companies to more efficiently move goods across borders and access new markets.
This acquisition strengthens the North American supply chain landscape, enabling customers to access a broader range of services.
