Transportation & Logistics Q1 2020

Q1 2020 Transportation Logistics

M&A Transaction Trends

Largest Transactions Closed

  • Target
  • Buyer
  • Value($mm)
  • Innovel Solutions, Inc.
  • Costco Wholesale Corporation
  • $1,000.00
  • Performance Team LLC
  • A.P. Møller and Mærsk A/S
  • $545.00
  • MAC Trailer Leasing, Inc.
  • Mizuho Leasing Company, LTD
  • $145.63
  • Flexdrive Services, LLC
  • Lyft, Inc.
  • $20.00
  • Friedway Enterprises, Inc./CIC2, Inc.
  • Radiant Global Logistics, Inc.
  • $0.09

 

Source S&P Capital IQ as of 4/20/2020 and PCE Proprietary Data

Additional Resources

eBook- Keys to Selling Your Transportation Business

Contacts

eBook- Keys to Selling Your distribution Company

Woody Whitcomb

Orlando Office

407-621-2113

Michael Rosendahl

New York Office

201-444-6280 Ext 1

David Jasmund

 

David Jasmund

Investment Banking | ESOP

Orlando Office

407-621-2111 (direct)

djasmund@pcecompanies.com

Connect
407-621-2111 (direct)

407-621-2199 (fax)

Eric Zaleski

 

Eric Zaleski

Investment Banking | ESOP

Chicago Office

847-239-2466 (direct)

ezaleski@pcecompanies.com

Connect
847-239-2466 (direct)

407-621-2199 (fax)

Melissa Ritter

 

Melissa Ritter

Investment Banking

Orlando Office

407-621-2128 (direct)

mritter@pcecompanies.com

Connect
407-621-2128 (direct)

407-621-2199 (fax)

Michael Rosendahl

 

Michael Rosendahl

Investment Banking

New York Office

201-444-6280 Ext 1 (direct)

mrosendahl@pcecompanies.com

Connect
201-444-6280 Ext 1 (direct)

407-621-2199 (fax)

Will Stewart

 

Will Stewart

Investment Banking | ESOP

Orlando Office

407-621-2124 (direct)

wstewart@pcecompanies.com

Connect
407-621-2124 (direct)

407-621-2199 (fax)

whitcomb-woody

 

Woody Whitcomb

Investment Banking

Orlando Office

407-621-2113 (direct)

wwhitcomb@pcecompanies.com

Connect
407-621-2113 (direct)

407-621-2199 (fax)

poole_michael

 

Michael Poole

Investment Banking

Orlando Office

407-621-2112 (direct)

mpoole@pcecompanies.com

Connect
407-621-2112 (direct)

407-621-2199 (fax)

vogt-paul

 

Paul Vogt

Valuation

Atlanta Office

678-641-4760 (direct)

pvogt@pcecompanies.com

Connect
678-641-4760 (direct)

407-621-2199 (fax)

Mackenzie Moran

 

Mackenzie Moran

Investment Banking

New York Office

201-444-6280 Ext 3 (direct)

mmoran@pcecompanies.com

Connect
201-444-6280 Ext 3 (direct)

407-621-2199 (fax)

Isabel Carta

 

Isabel Carta

Investment Banking

Orlando Office

407-621-2149 (direct)

icarta@pcecompanies.com

Connect
407-621-2149 (direct)

407-621-2199 (fax)

Philipp Seubert

 

Philipp Seubert

Investment Banking

New York Office

201-444-6280 Ext 4 (direct)

pseubert@pcecompanies.com

Connect
201-444-6280 Ext 4 (direct)

407-621-2199 (fax)

Data Assumptions

This report represents transaction activity as mergers & acquisitions, consolidations, restructurings and spin-offs. Targets are defined as U.S. Based companies with either foreign or U.S. based buyers. Transaction information provided is based on closed dates only.

Glossary

EBIT - Earnings Before Interest and Taxes
EBITDA - Earnings Before Interest, Taxes, Depreciation, Amortization
LTM - Last Twelve Months
TEV - Total Enterprise Value

Sources:

  1. Sindreu, Jon. “Airline Bailouts Address the Lockdown, Not the Recession.” Wall Street Journal, April 15, 2020.
  2. Budryx, Zack, “Nearly 80 Airlines Cut Capacity by 100 Percent Over Coronavirus,” The Hill, Mar. 24, 2020.
  3. Stephardson, David, Ricinski, Tracy, “U.S. Senate Approves Big Rescue for Struggling Aviation Sector,” Reuters, Mar. 25, 2020.
  4. Smith, Jennifer, “U.S. travel Ban is Expected to Snarl Trans-Atlantic Airfreight,” Wall Street Journal, March 12, 2020.
  5. Smith, Jennifer, “Truckers Facing Coronavirus Hurdles in Keeping Supply Chains Moving,” Wall Street Journal, March 18, 2020.
  6. Smith, Jennifer, “Target Faces Labor Organizing Effort at New Jersey Warehouse,” Wall Street Journal, Feb. 19, 2020.
  7. Kickham, Victoria, “Logistics Industry Growth Slows in February,” Supply Chain, Mar. 21, 2020.
  8. “C.H. Robinson to Acquire Prime Distribution Services,” Press Release, Jan. 28, 2020.
  9. The Maritime Executive, “Maersk to Acquire U.S. Warehousing and Distribution Company,” The Maritime Executive, Feb. 19, 2020.
  10. “Performance Team LLC Transaction Details,” Capital IQ, Feb. 19, 2020.

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