Integrated Distribution Services announced the acquisition of Aspen Logistics, a Salt Lake City-based third-party logistics company, on July 1.
The purchase of Aspen builds on Plainfield, IN-based IDS’s strategy in e-fulfillment to serve 90% of the US with 2-day ground service, a critical component in the rapidly expanding ecommerce 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.
“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,” said Mark DeFabis, President and CEO of IDS.
Aspen Logistics has been providing supply chain services in the areas of warehousing, fulfillment and transportation services for Fortune 500 Companies for over 30 years.
“We continue to see consolidation in this industry and felt this was the best fit for our employees and customers,” said Connie Anderson, CEO of Aspen Logistics. “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.