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    Transportation & Logistics Q3 2021

    Q3 2021 Transportation Logistics

    Largest Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • First Student, Inc./First Transit Inc.
    • EQT Partners AB
    • $4,555.00
    • Atlantic Aviation FBO Inc.
    • KKR & Co. Inc.
    • $4,475.00
    • AAA Cooper Transportation, Inc.
    • Knight-Swift Transportation Holdings Inc.
    • $1,350.00
    • Transtar LLC.
    • Fortress Transportation and Infrastructure Investors LLC
    • $640.00
    • Rail Leasing Business of The Andersons, Inc.
    • American Industrial Transport, Inc.
    • $571.18

    Other Financial Buyer Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • The M.A.I.L. Group, Inc.
    • Architect Equity LLC
    • n/a
    • PORT 32 Marinas LLC
    • Makena Capital Management, LLC; Fireside Investments LLC; D1 Capital Partners L.P.
    • n/a
    • North America Central School Bus, LLC
    • H.I.G. Capital, LLC
    • n/a

    Other Strategic Buyer Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • Self-Driving Car Division of Lyft, Inc.
    • Woven Planet Holdings, Inc.
    • $550.00
    • Quality Carriers Inc.
    • CSX Corporation
    • $546.00
    • Expedited Logistics and Freight Services, LLC
    • Janel Group, Inc.
    • $47.00
    • IDEA Logistics LLC
    • EFL Global Logistics (Pte.) Ltd; EFL Global LLC (USA)
    • $9.70
    • Complete Transport Systems LLC
    • EFL Global Logistics (Pte.) Ltd
    • $6.10

     

    Source S&P Capital IQ as of 10/11/2021 and PCE Proprietary Data

    PCE Transactions

    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. Lombardo, Cara, et al. “Canadian Pacific Reaches $27 Billion Deal to Buy Kansas City Southern.” The Wall Street Journal, Dow Jones & Company, 15 Sept. 2021.
    2. Harrison, David. “Infrastructure Bill Could Influence How States Select Transportation Projects.” The Wall Street Journal, Dow Jones & Company, 4 Sept. 2021.
    3. Berger, Paul. “U.S. Ports See Shipping Logjams Likely Extending Far into 2022.” The Wall Street Journal, Dow Jones & Company, 5 Sept. 2021.
    4. Smith, Jennifer. “Chip Shortage Curtails Heavy-Duty Truck Production.” The Wall Street Journal, Dow Jones & Company, 3 Sept. 2021.
    5. Smith, Jennifer. “Echo Global Logistics to Sell Itself to Private-Equity Firm in $1.3 Billion Deal.” The Wall Street Journal, Dow Jones & Company, 10 Sept. 2021.
    6. Smith, Jennifer. “Walmart Will Add 20,000 Workers to Supply-Chain Operations This Year.” The Wall Street Journal, Dow Jones & Company, 1 Sept. 2021.
    7. Smith, Jennifer. “Schneider National Looks to Charter a Path around Shipping Bottlenecks.” The Wall Street Journal, Dow Jones & Company, 26 Aug. 2021.

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