Integrated Distribution Services, Inc. (IDS) announced the acquisition of Aspen Logistics, Inc., a Salt Lake City, Utah third party logistics company that has been providing supply chain services in the areas of warehousing, fulfillment and transportation services for Fortune 500 Companies for over 30 years.
The purchase of Aspen builds on IDS’ strategy in e-fulfillment to serve 90% of the US with 2-day ground service, a critical component in the rapidly expanding e-commerce market. The purchase of Aspen also expands the IDS Transportation Services, LLC division of IDS by adding LTL temperature controlled trucking assets to the Intermountain Region, along with providing a key hub to build on its already successful intermodal consolidation services.
“The acquisition of Aspen Logistics enhances our overall e-fulfillment and transportation strategies. Salt Lake City continues to grow as a key logistics hub and the combination of IDS and Aspen opens up a larger customer base for both locations to serve and provides geographic flexibility to meet the needs of both current and new customers. This is a great opportunity to add a well-respected and well run group to the IDS family where both companies complement each other and provide a springboard for greater successes in the future” said Mark DeFabis, President & CEO of IDS.
Connie Anderson, CEO of Aspen Logistics, said “This is a great opportunity for the company my family started to become part of a larger organization that holds the same values and culture as Aspen. We continue to see consolidation in this industry and felt this was the best fit for our employees and customers. There were three critical areas I evaluated: culture, a people first mentality and customer centric business focus. In all cases IDS made this an easy choice.” The transaction was initiated by Republic Partners who acted as financial advisor to IDS.