Danbury-based Odyssey Logistics & Technology Corporation has announced its acceptance of a non-controlling capital investment from Goldman, Sachs & Co. OL&T has indicated that the capital will be used in its ongoing programs of strategic acquisitions and global expansion, a press release said.
“This is an exciting time for Odyssey,” Bob Shellman, OL&T’s president and CEO, said in the release. “Goldman’s decision to provide non-controlling capital will help Odyssey to build on the success we have had in executing our strategic vision. Many of our existing investors, including Boston Millennia Partners, CMEA Ventures, and Strategic Shipping (Southport), also participated in the investment.”
The Goldman Sachs investing team was led by Michael McGinn, co-head of Goldman Sachs’ Private Capital Investing group, and Stephen Kerns, also a member of the group. Brokerage and investment banking firm, Stifel, Nicolaus & Company, a wholly-owned subsidiary of Stifel Financial Corp., acted as financial advisor to OL&T.
Odyssey Logistics & Technology Corporation is a global lead logistics provider of services to support the shipment of cargoes, both domestically and internationally.