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    Transportation & Logistics Q1 2020

    Q1 2020 Transportation Logistics

    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

    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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