Origin Merchant Partners is pleased to announce that ASL Distribution Services Limited (“ASL”) has been acquired by Fastfrate Group (“Fastfrate”). Origin Merchant Partners acted as exclusive financial advisor to ASL with respect to this transaction.
ASL is an asset and non-asset based full-service third-party logistics (3PL) provider. Established in 1959, ASL provides companies with seamless customized logistical solutions, utilizing its own fleet of trucks and partner carriers. ASL also performs “Final Mile” home & office deliveries, delivering e-commerce fulfillment orders direct to consumers, and freight management services through its brokerage division.
Fastfrate is a Canadian owned and operated transportation services business, with diversified offerings to support every aspect of their customers’ supply chain. The company has over fifty years of service, and owns facilities, adjacent to CP rail yards, in major centers from Vancouver, BC to Halifax, NS.