GLS buys Golden State Overnight Delivery Service for $90m

Royal Mail’s General Logistics Systems (GLS) has bought the California-based next day parcel delivery company Golden State Overnight Delivery Service (GSO) for $90m. GSO’s existing team, including CEO and founder Dana Hyatt, will continue to work for the company, which will function as a separate entity within GLS.

Sources report that the purpose of the GLS acquisition is to give GLS with a “focused and targeted market position” in the region.