The Jordan Co. is acquiring a majority stake in Odyssey Logistics & Technology Corp., a global logistics provider for the freight and transportation industries. The PE firm plans to continue growing Odyssey through add-on acquisitions.

Odyssey provides intermodal services, trucking services, managed services, international transportation management, and logistics consulting services. The Danbury, Connecticut-based target serves customers in North America, Europe and Asia. Odyssey’s customers span a multitude of industries, including: chemicals, energy, metals, medical, food, consumer and retail, industrial and manufacturing. Financial terms of the deal were not disclosed. J.P. Morgan Chase & Co. (NYSE: JPM) is serving as financial adviser to Odyssey.

“With The Jordan Company, Odyssey will continue its path of strategic growth, both organically and through acquisitions,” states Odyssey CEO Bob Shellman. “This transaction underscores our consistent focus on providing broader service offerings, a larger transportation network and advanced technology to enhance our global supply chain capabilities.”

The Jordan Co. is a middle-market private equity firm based in New York and Chicago. Founded in 1982, the firm manages more than $8 billion in assets. The Jordan Co. previously acquired DuBois Chemicals Inc., a chemical producer for the manufacturing industry, from Aurora Capital Group in March 2016. American Fast Freight and Capstone Logistics are two other logistics providers backed by the PE firm. In July 2016, American Fast Freight acquired Global Transportation Services Inc. to expand beyond the company’s core markets and into the ocean freight sector.

Recent deals in the transportation and logistics industry include: Platinum Equity’s purchase of aerospace logistics firm Pattonair; CI Capital’s acquisition of Simplified Logistics; Ridgemont Equity Partners’ purchase of Worldwide Express; and TPG Capital's investment in Transplace.