Latest news with #AITWorldwideLogistics
Business Journals
23-04-2025
- Business
- Business Journals
AIT Worldwide acquires Miami freight company GSDMIA
The deal will help the buyer improve its trade support between the U.S., Latin America, Europe and Asia. Story Highlights AIT Worldwide Logistics acquires assets of Miami-based freight forwarder GSDMIA. Acquisition aims to improve AIT's trade lanes between US, Latin America, Europe, and Asia. GSDMIA co-founders will join AIT as sales and station managers. Global supply chain business AIT Worldwide Logistics finalized an agreement to acquire the assets of GSDMIA, a freight forwarder company based in Miami. The financial terms of the deal were not disclosed. Headquartered in Chicago, AIT Worldwide provides logistics services to help businesses move their goods into international markets via air, sea and ground. It has more than 150 locations across North America, Europe, the Middle East and North America. GSDMIA ships commodities across the world, including commercial HVAC equipment, cryptocurrency data servers and items for the cosmetics industry. AIT said purchasing GSDMIA's assets will help the company improve its trade lane support between the U.S., Latin America, Europe and Asia. 'I'm delighted to welcome the team to our network and look forward to working together to grow AIT's reach and service reputation across the globe," AIT Chief Development Officer Ray Fennelly said in a statement. Fennelly was appointed CDO in January. He is focused on growing the company through acquisitions and overseeing those transactions. Earlier this year AIT purchased another freight forwarder, St. Louis-based Krupp Trucking, as part of that expansion. GSDMIA co-founders Wenzel Lewinsky and Joao Rios will join AIT as sales manager and station manager. They are merging its Miami office with AIT's local base. The business previously operated as an independent contractor for another larger freight forwarder. 'AIT's scale of purchasing power, carrier relationships, and advanced shipping technology will allow us to take the tailored, value-added services we're known for to an even higher level,' Rios said. Sign up here for the Business Journal's free morning and afternoon daily newsletters to receive the latest business news impacting South Florida. Download the free Business Journal app for breaking news alerts on your phone.
Yahoo
22-04-2025
- Business
- Yahoo
AIT Worldwide Logistics acquires Miami freight forwarder
Global freight forwarder AIT Worldwide Logistics announced Tuesday it has acquired Miami-based forwarder GSDMIA Inc. The deal is expected to bolster AIT's trade lanes between Asia, Europe, Latin America and the U.S. GSDMIA specializes in arranging air and ocean transportation of commercial HVAC equipment, cryptocurrency data servers and cosmetics. It had been operating as an independent contractor for another freight forwarder. GSDMIA's operations will fold into an existing AIT office in Miami, with its co-founders, Wenzel Lewinsky and Joao Rios, becoming sales manager and station manager, respectively. Financial terms of the deal were not disclosed. 'AIT is a great fit, not only for our operation but, more importantly, for our customers,' said Lewinsky in a news release. 'We're looking forward to leveraging AIT's expansive global network and delivering even more efficient, high-quality solutions.' AIT acquired freight forwarder Krupp Trucking and its more than 60-truck fleet in January. Chicago-based AIT has over 150 locations across Asia, Europe, the Middle East and North America. More FreightWaves articles by Todd Maiden: Forward Air ups Q1 EBITDA forecast Prologis sticks with 2025 outlook, but customers grow more cautious J.B. Hunt's intermodal bid season delivers mixed results The post AIT Worldwide Logistics acquires Miami freight forwarder appeared first on FreightWaves. Sign in to access your portfolio
Business Wire
22-04-2025
- Business
- Business Wire
AIT Worldwide Logistics acquires Miami-based forwarder, GSDMIA, Inc.
ITASCA, Ill.--(BUSINESS WIRE)--Global supply chain solutions leader AIT Worldwide Logistics has finalized an agreement to purchase the assets of GSDMIA, Inc. ('GSDMIA'), an international freight forwarder based in Miami. 'I'm delighted to welcome the GSDMIA team to our network and look forward to working together to grow AIT's reach and service reputation across the globe." -AIT Chief Development Office, Ray Fennelly Share According to AIT's Chief Development Officer, Ray Fennelly, who guided the acquisition process, GSDMIA provides deep international experience with air and ocean transportation. The team ships a diverse range of commodities between the United States, Asia, Europe and Latin America, including packaging and finished goods for the cosmetics industry, commercial HVAC equipment, and cryptocurrency data servers. 'GSDMIA is an extremely dynamic group that shares AIT's focus on delivering a world-class customer experience,' Fennelly added. 'I'm delighted to welcome the team to our network and look forward to working together to grow AIT's reach and service reputation across the globe.' After previously operating as an independent contractor with another large forwarder, GSDMIA's co-founders, Wenzel Lewinsky and Joao Rios, arrive at AIT with nearly 60 years of combined global supply chain experience. Lewinsky and Rios have merged their business with the existing AIT office in Miami, assuming new roles as sales manager and station manager, respectively. 'AIT is a great fit, not only for our operation but, more importantly, for our customers,' Lewinsky said. 'We're looking forward to leveraging AIT's expansive global network and delivering even more efficient, high-quality solutions.' 'AIT's scale of purchasing power, carrier relationships, and advanced shipping technology will allow us to take the tailored, value-added services we're known for to an even higher level,' Rios added. Terms of the acquisition have not been disclosed. About AIT Worldwide Logistics AIT Worldwide Logistics is a global freight forwarder that helps companies grow by expanding access to markets all over the world where they can sell and/or procure their raw materials, components and finished goods. For more than 45 years, the Chicago-based supply chain solutions leader has relied on a consultative approach to build a global network and trusted partnerships in nearly every industry, including aerospace, energy, high-tech, home delivery, life sciences, marine and more. Backed by scalable, user-friendly technology, AIT's flexible business model customizes end-to-end deliveries via sea, air, road and rail — on time and on budget. With expert teammates staffing more than 150 worldwide locations in Asia, Europe, the Middle East and North America, AIT's full-service options also include customs clearance, warehouse management and white glove services. Learn more at Our Mission At AIT, we vigorously seek opportunities to earn our customers' trust by delivering exceptional worldwide logistics solutions while passionately valuing our co-workers, partners and communities.
