Quazar Capital Corporation announced that its client, Pioneer Transfer, has been acquired by RFX Inc.
Pioneer Transfer is a leading third-party freight brokerage company operating in the transportation, shipping, and logistics services industry. With a 20-plus-year history, the company is headquartered in Sioux City IA and provides services nationwide to customers and carriers.
RFX is a privately held freight brokerage company that started in 1987 and is headquartered in Avon MA. Its asset-based sister company, Refrigerated Food Express, was started in 1952 and is currently third-generation family-owned with professional management.
“Pioneer Transfer and RFX share similar philosophies, and the purchase of Pioneer will allow both companies to expand the current agent network and enter into new geographic territories,” said RFX President Jim Morse. The acquisition will also create enhanced efficiency and additional resources for both companies.