LDI Ltd. LLC, the holding company for FinishMaster paints and other businesses, has recapitalized and acquired a majority stake in Portland-based Oregon International Air Freight Co. and OIA Global Logistics-SCM.
The two companies, collectively known as OIA, provide logistics services, including freight forwarding, supply-chain management, contract warehousing and packaging, and design fulfillment.
OIA founder and Chairman Junki Yoshida said in a prepared statement that the transaction with LDI will help enhance and expand services to customers.
“We are always looking for ways to enhance the profitability of our customers—whether they are Fortune 500 companies or middle-market businesses,” he said. “LDI has a long-term strategy that matches perfectly with our vision for growth.”
Yoshida will continue as OIA’s chairman. Logistics industry veteran Charles Hornecker will join the company as CEO.
LDI is a closely held Indianapolis company chaired by Andre Lacy.