Odyssey Logistics & Technology Corporation, the Danbury, Connecticut-based provider of logistics services to the chemical industry established by former employees of Union Carbide, has raised US$24.3 mill in a private equity offering. Trident Capital led the investment, with Boston Millennia Partners, CMEA Ventures and RRE Ventures joining.
Odyssey also announced that it has completed the acquisition of Nordstrom Freighting, a freight forwarding company based in Connecticut. “Odyssey selected these investors because their capabilities extend beyond simply providing capital,” reports Odyssey CEO Robert Shellman. “This group brings market knowledge and experience in facilitating corporate growth in our sector. Their investment validates our approach to the market and will prove to be an invaluable resource as we continue to grow.”...
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This complete item is approximately 200 words in length, and appeared in the September 2003 issue of WorldCargo News, on page 14.
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