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KODIS Acquires Empire Freight Logistics to Strengthen and Diversify Service Offering

Jan 23, 2024•almost 2 years ago

Acquiring Company

KODIS Holdings

Acquired Company

Empire Freight Logistics

ClevelandDeWittLogisticsTransportationTransportation, Logistics, Supply Chain and Storage

Description

KODIS Holdings, a collection of niche logistics companies, has completed the acquisition of Syracuse-based Empire Freight Logistics. This acquisition strengthens KODIS' suite of logistics services, enabling it to offer a broad range of comprehensive logistics services targeting niche markets such as digital infrastructure, HVAC, power generation and distribution, commercial construction, underground construction, renewable infrastructure, and electronics.

Company Information

Company

KODIS Holdings

Location

Cleveland, Ohio, United States

About

KODIS Holdings, headquartered in Cleveland, OH, is the parent company of niche logistics providers KODIS Transportation, Standard Freight Logistics, SOLVR Logistics, and Empire Freight Logistics. The KODIS family of companies has been thoughtfully curated to serve commercial freight needs. The next-generation offering weaves supply chain technologies into traditional logistics services including freight and warehousing to help businesses increase productivity while controlling supply chain costs.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed