Subscribe to PCE Communications
    Choose Your Subscription

    Transportation & Logistics Q1 2023


    Largest Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • Atlas Air Worldwide Holdings, Inc.
    • Apollo Global Management, Inc.; J.F. Lehman and Company, LLC; Hill City Capital LP
    • $5,117.70
    • RSI Logistics, Inc.
    • Trinity Industries, Inc.
    • $70.00
    • Trans American Customhouse Brokers, Inc.
    • EFL Global LLC (USA)
    • $42.50

    Other Financial Buyer Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • n/a
    • n/a
    • n/a

    Other Strategic Buyer Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • Down 2 Fish Charters, LLC
    • Arvana Inc.
    • $0.75


    Source S&P Capital IQ as of 4/14/2023 and PCE Proprietary Data

    PCE Transactions

    eBook- Keys to Selling Your Transportation Business


    eBook- Keys to Selling Your distribution Company

    Michael Rosendahl

    New York Office

    201-444-6280 Ext 1

    Michael Poole

    Orlando Office


    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.


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


    1. Campbell, C. & Taube, D. “What Knight-Swift deal means for its future M&A prospects.” Transport Drive, 27 March, 2023.
    2. Paris, C. “Methanol Takes Lead in Shipping’s Quest for Green Fuel.” The Wall Street Journal, 6 February, 2023.
    3. Solomon, M. “Study: U.S. annual parcel shipping volumes to grow 5% through 2028.” Freight Waves, 28 March, 2023.
    4. Fung, E. “Canadian Pacific’s Merger With Kansas City Southern Is Approved.” The Wall Street Journal, 15 March, 2023.

    Please Share This