SHREVEPORT, La. -- (BUSINESS WIRE) -- AFS, the leader in transportation cost management solutions and a member of the 2013 Inc. 5000 list of fastest growing private businesses in the US, announces the purchase of Insource Spend Management Group, a shipping spend optimization firm based in Ohio. The acquisition was finalized on January 2, 2014.
The Insource name will be replaced with AFS once all transitions are complete with customers and marketing alliances. Customers, many of which are Fortune 500 members, will realize greater savings potential through the AFS parcel audit and shipping analytics platforms.
“Bret Febus and I have known each other for several years. He built a great business fine-tuning customer shipping habits in the face of rising delivery costs. Now with AFS, our newest customers take a leap forward with our leading-edge TMS technology and spend visibility analytics,” said Brian J. Barker, Founder and CEO of AFS. “This is a great fit.”
“After evaluating AFS and their capabilities, my customers will love the technology and additional services they can provide. AFS and Insource both believe strongly in the value of transparency, which is the best value of all,” said Brett Febus, President at Insource.
This is the fourteenth acquisition for AFS and fourth since October 2012.
AFS is a renown shipping cost management partner. By leveraging leading-edge technology and industry-experienced talent, over 1,400 clients realize nearly $100 million in annual savings. The transportation analytics are considered world-class. Based in Shreveport, LA, AFS has 19 operations and sales offices throughout the US. See more at www.afs.net.
Insource Spend Management Group is a leading spend management provider that offers expertise in identifying savings opportunities in transportation, technology and telecom pricing agreements. The company has successfully renegotiated hundreds of pricing agreements by identifying additional savings opportunities, advising on how to make the smartest spending decisions and renegotiating optimal pricing agreements.
Since 1999, Insource has saved its clients more than $1 billion by renegotiating carrier pricing contracts for hundreds of companies, including dozens of the Fortune 500.