Mergers and acquisitions

Deal gives Montreal-based specialty carrier a Gulf Coast base for future expansion into the United States.

Third-party logistics and multimodal transportation services company, Radiant Logistics, Inc. (RLGT), reported earnings of $0.11 per share for the quarter ending March 31, 2019 (RLGT’s third fiscal quarter 2019), $0.04 better than the consensus estimate and $0.06 better year-over-year. Total revenue increased 1 percent year-over-year to $206 million with net revenue climbing 8.5 percent to […]

Shipping container maker Singamas Container Holdings (HKEX:716) has announced that it will sell five of its subsidiary companies to Cosco Shipping Financial Holdings for RMB 3.8 billion. That’s about US$565 million.

During the morning session at Transparency19 on May 6, Stifel investment banker John Larkin moderated a discussion about mergers and acquisitions between Renee Krug, CEO of GlobalTranz; Doug Waggoner, CEO of Echo Global Logistics (NASDAQ: ECHO); and Mark Yeager, CEO of Redwood Logistics. Themes of the conversation included the differences between public and private investors’ […]

Canadian transportation and logistics firm buys Ontario-based broker that uses propriety software platform.

Deal puts Canadian international trade services company in $13 billion portfolio of Tom Gores’ private equity firm.

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.

This is the year when ALK expects Virgin America merger synergies to ramp up, but they’re still adding back costs associated with the deal.

GlobalTranz more than doubled EBITDA in less than a year.

Circle 8 is GlobalTranz’s ninth acquisition since January 2017.

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.

DP World (NASDAQ Dubai: DPW) announced that it will repurchase P&O Ferries from Dubai World according to a DP World press release. The acquisition will be worth BGP (British pound sterling) 322 million or $421 million. (All values will be converted to U.S. dollars.)

The combined brokerage expects to do $200 million in revenue this year.

Bridgestone Europe is acquiring TomTom Telematics for €910 million, a definitive step towards bolstering its presence in the “mobility solutions” segment. This acquisition would provide Bridgestone the leverage to up-sell and cross-sell solutions to a broader customer base.

Aterian Investment Partners Principal Michael Fieldstone said that his firm supported XGS CEO Darrel Harris and his management team and would provide capital to complete improvements to the business.

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.

The beleaguered carpet hauler was over-leveraged and running out of cash.

We spoke to GlobalTranz’s outgoing CEO Bob Farrell and new CEO Renee Krug about the transition in leadership and the marketplace for mergers and acquisitions in the 3PL space going forward into 2019.

Melbourne-based MaxiTRANS, an Australian manufacturer and supplier of trailers and road transport equipment, has bought a local live bottom trailer manufacturer. It has also disposed of its majority shareholding in a panel-making business in China.

This morning Fleet Complete, a global leader in connected vehicle technology and software, announced that it had been acquired by the Ontario Teachers’ Pension Plan, a large fund with $193.9B in assets.

XPO stock dragged down by soft Q3 results, M&A impatience.

We spoke to Dave Dallas, CMO and President of Brokerage at SunteckTTS, about the addition of a brokerage centered on the West Coast.