Press Release SpeedX founder acquires Accelerated Global Solutions ("AGS") and aims to build a $1bn end-to-end supply chain enterprise in 18 months

The AGS warehouse facility in Chicago

Chris Zheng, founder and CEO of SpeedX, a tech-enabled last-mile delivery leader aims to create a $1 billion end-to-end supply chain solution infrastructure within 18 months following the acquisition of New York City headquartered, Accelerated Global Solutions, Inc. (“AGS”).

Terms of the purchase were not disclosed and both companies will continue to operate as separate, cooperating entities under their existing brands. In 2024, SpeedX and AGS are expected to report revenues of more than $500 million

The acquisition ...