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    Transportation & Logistics Q1 2021

    Q1 2021 Transportation Logistics

    M&A Transaction Trends

    Largest Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • Cryo-Trans, Inc.
    • Lineage Logistics Holding, LLC
    • $500.00
    • Distribution business of Forward Air Corporation
    • Ten Oaks Group
    • $20.00
    • Seville Freight Systems Inc.
    • Expolanka USA LLC
    • $2.20
    • ProDynn Distribution, LLC
    • Emergence Global Enterprises Inc.
    • $0.67
    • Assets and Liabilities of Double D Trucking, Inc.
    • Shyp FX Inc.
    • $0.50
    • LTO Holdings, LLC
    • LMP Finance, LLC
    • $0.45

     

    Source S&P Capital IQ as of 4/12/2021 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)

    Pearl-Rachel 667 x 667

     

    Rachel Pearl

    Valuation

    Orlando Office

    407-621-2140 (direct)

    rpearl@pcecompanies.com

    Connect
    407-621-2140 (direct)

    407-621-2199 (fax)

    R Winston 667 x 667

     

    Richard Winston

    Valuation

    Atlanta Office

    404-994-4650 (direct)

    rwinston@pcecompanies.com

    Connect
    404-994-4650 (direct)

    407-621-2199 (fax)

    Thomas Harrington

     

    Thomas Harrington

    Investment Banking

    Orlando Office

    407-621-2145 (direct)

    tharrington@pcecompanies.com

    Connect
    407-621-2145 (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. Sider, Alison. “FAA Orders New Inspections of Boeing 777 Jets With Pratt & Whitney Engines.” The Wall Street Journal, Dow Jones & Company, 24 Feb. 2021.
    2. Weed, Julie. “Despite It All, Two New U.S. Airlines Prepare to Fly.” The New York Times, The New York Times, 16 Mar. 2021.
    3. Paris, Costas. “Shipping Logjams Spread on Crush of Imports.” The Wall Street Journal, Dow Jones & Company, 18 Mar. 2021.
    4. Kellaher, Colin. “FedEx to Invest $2 Billion in Bid for Carbon-Neutral Operations.” The Wall Street Journal, Dow Jones & Company, 3 Mar. 2021.
    5. Hodari, David, and William Boston. “Gasoline Demand Has Peaked, Global Forecaster Says.” The Wall Street Journal, Dow Jones & Company, 17 Mar. 2021.
    6. Smith, Jennifer. “Trucking Failures Surged Last Year Under Pandemic.” The Wall Street Journal, Dow Jones & Company, 8 Feb. 2021.
    7. Kickham, Victoria. “Logistics Industry Expansion Continues in February.” CSCMPs Supply Chain Quarterly RSS, CSCMP's Supply Chain Quarterly, 3 Mar. 2021.
    8. Smith, Jennifer. “WSJ News Exclusive | Warehouse Robotics Provider Berkshire Grey to Go Public Through SPAC Deal.” The Wall Street Journal, Dow Jones & Company, 24 Feb. 2021.
    9. Russon, Mary-Ann. “The Cost of the Suez Canal Blockage.” BBC News, BBC, 29 Mar. 2021.

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