Middle-market leveraged buyouts are cooling, but institutions still taking risk on the venture and growth equity side of the industry.
Heartland Express once again uses its strong financial position to acquire. The carrier has a pattern of building cash balances and finding accretive tuck-in deals.
Sime Darby Berhad (BM: 4197) has directly told FreightWaves it paid about NZ$211 million (US$136 million) to acquire automotive and construction machinery dealer Gough Group of New Zealand.
Automotive parts, tires, fuels and lubricant specialist U.S. Venture has bought energy information and supply chain management company Breakthrough Fuel for an undisclosed sum.
Deal will grow U.S. last-mile business and add $100 million in annual revenue, Canadian transportation firm says.
GlobalTranz more than doubled EBITDA in less than a year.
Canadian firm nets C$100 million from deal with Saskatchewan bulk transportation company.
Aulick and ShirAul were “a compelling strategic fit for our Specialized Truckload growth objectives in the U.S,” says CEO Alain Bédard.
Fortna, a supply chain automation design and implementation company, announced today that it entered into a recapitalization agreement with private equity firm Thomas H. Lee Partners, L.P.
The seller was Swedish private equity group EQT Partners, which may be trying to clean up its balance sheet ahead of an IPO.
Valuations will stay high and capital is readily accessible, bringing both sellers and buyers to market.
CHRW fills out geographical white space and adds density to its Transatlantic forwarding business after turning the corner on the Milgram & Co. integration.
Worldwide customs and logistics software provider WiseTech Global has today announced the acquisition of Containerchain, a provider of a shipping container tracking and managing systems for AU$92 million (just over USD$65.8 million) in cash.
Share buybacks a better use of capital, Jacobs asserts.
Sponsored by Redwood LogisticsRedwood Logistics announced its acquisition of Strive Logistics Monday, cementing Redwood’s place as a top-15 truck broker and an emerging multimodal logistics provider with over $1 billion in freight under management.
Sponsored by Redwood LogisticsThird-party logistics (3PL) companies are attractive investments for private equity firms, enabling new companies in the space to grow faster than ever before. FreightWaves and Redwood Logistics teamed up to host a webinar on how the availability of private equity is shaking up the transportation space.
The combined brokerage expects to do $200 million in revenue this year.
Sponsored by Redwood LogisticsCultural alignment matters: one of the greatest barriers to successful M&As is lack of cultural integration.
Sponsored by Redwood LogisticsCultural alignment matters: one of the greatest barriers to successful M&As is lack of cultural integration.
Joplin, Missouri-based Contract Freighter Inc (CFI) will “assume responsibility” for Chicago-based freight transport company, Optimal Freight, at the start of the New Year. Financial details of the transaction are not available at the time of writing.
