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American Fast Freigh acquires Grand Worldwide Logistics

Staff Writer | July 10, 2017
American Fast Freigh (AFF) announced that it had acquired Grand Worldwide Logistics (GWW).
American Fast Freigh
Acquisition   The largest U.S. domestic ocean freight forwarder
AFF is currently owned by The Resolute Fund II, L.P., a private equity fund managed by The Jordan Company, L.P., and AFF’s management team.

Headquartered in Chicago, Illinois, GWW is a leading warehouse and third-party logistics company serving the beverage/spirits, food and paper industries, among others.

The purchase of GWW expands AFF’s global logistics platform by adding blue chip customers, a talented management team, more than two million square feet of warehouse space, and over 150 rail spots.

Dave Schulman, President of GWW, will continue to have an advisory role and has re-invested a significant portion of his sale proceeds into AFF.