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    Transportation & Logistics Q2 2022

    Q2 2022 Transportation Logistics

    Largest Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • Pilot - A Maersk Company
    • A.P. Møller - Mærsk A/S
    • $1,800.00
    • Concessionaire for the new Terminal 1 at JFK International Airport in New York City
    • Ferrovial, S.A.
    • $1,140.00
    • Kane Logistics, Inc.
    • ID Logistics Group SA
    • $240.00
    • Smith Transport, Inc.
    • Heartland Express, Inc.
    • $170.00
    • Aries Global Logistics, Inc.
    • NTG Nordic Transport Group A/S
    • $105.00

    Other Financial Buyer Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • Arrow Waste
    • Carr's Hill Partners, LLC
    • n/a
    • iDC Logistics Inc.
    • H.I.G. Capital, LLC
    • n/a
    • El Paso, TX Location of Fleet Trailer Leasing, LLC
    • Boxwheel Trailer Leasing LLC
    • n/a

    Other Strategic Buyer Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • Pan Am Railways, Inc.
    • CSX Corporation
    • $30.00
    • Assets of PeriShip, LLC
    • VerifyMe, Inc.
    • $10.47
    • The Import Export Group, Inc.
    • Universal Power Industry Corporation
    • $2.10
    • Substantially All Assets of Shyp FX, Inc.
    • Farhoud Logistics Inc.
    • $0.75
    • Blue Star Bus Sales, Ltd
    • A-Z Bus Sales, Inc.
    • n/a

     

    Source S&P Capital IQ as of 7/8/2022 and PCE Proprietary Data

    PCE Transactions

    eBook- Keys to Selling Your Transportation Business

    Contacts

    eBook- Keys to Selling Your distribution Company

    Michael Rosendahl

    New York Office

    201-444-6280 Ext 1

    Michael Poole

    Orlando Office

    407-621-2112

    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. Mendoza, Jordan, and Thao Nguyen. “'Travel Armageddon' as Flight Delays, Cancellations Pile up: What's Going on?” USA Today, Gannett Satellite Information Network, 21 June 2022.
    2. Berger, Paul. “Biden Blasts Ocean Carriers as Congress Readies Tougher Shipping Regulations.” The Wall Street Journal, Dow Jones & Company, 10 June 2022.
    3. Matsuda, Akiko. “LATAM Airlines Cleared to Depart Chapter 11 under Creditors' Control.” The Wall Street Journal, Dow Jones & Company, 19 June 2022.
    4. Feuer, Will. “Logistics Provider DB Schenker to Buy USA Truck for about $285 Million.” The Wall Street Journal, Dow Jones & Company, 24 June 2022.

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