Transportation & Logistics Q4 2019

Q4 Transportation Logistics

M&A Transaction Trends

Largest Transactions Closed

  • Target
  • Buyer
  • Value($mm)
  • Genesee & Wyoming Inc.
  • Brookfield Asset Management Inc.; GIC Special Investments Pte. Ltd.
  • $9,556
  • LBCT LLC
  • Macquarie Infrastructure and Real Assets
  • $1,780
  • I-595 Express LLC
  • Teachers Insurance and Annuity Association of America
  • $400
  • Petroleum Services Corporation
  • Aurora Capital Partners
  • $335
  • Enviva Wilmington Holdings, LLC
  • Enviva Partners, LP
  • $166
  • Millis Transfer, Inc.
  • Heartland Express, Inc.
  • $156
  • A&S and Buckler Subsidiaries
  • Day & Ross Inc.
  • $139
  • Winchester & Western Railroad Company, Inc.
  • OmniTRAX, Inc.
  • $105
  • Parcel Pending, Inc.
  • Quadient SAS
  • $100
  • All Assets of Joseph Cory Warehouses, Inc.
  • J.B. Hunt Transport, Inc.
  • $100

 

Source S&P Capital IQ as of 1/10/2020 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

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)

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. Mitchell, Josh,” U.S.-China Deal Eases, But Doesn’t End, Business Uncertainty,” The Wall Street Journal, Dec. 13, 2019.
  2. Mauldin, William, Wei, Lingling, Leary, Alex, “U.S., China Agree to Limited Deal to Halt Trade War,” The Wall Street Journal, Dec. 14, 2019.
  3. Tangel, Andrew, Cameron, Doug, Sider, Alison “Boeing to Suspend 737 MAX Production in January,” The Wall Street Journal, Dec. 16, 2019.
  4. Smith, Jennifer, Venkat, P.R., “Trucker Celadon Group Files for Bankruptcy,” The Wall Street Journal, Dec 9, 2019.
  5. Smith, Jennifer, “Trucking Market Will Absorb Celadon Shutdown, Transport Experts Say,” The Wall Street Journal, Dec. 10, 2019.
  6. Sheetz, Michael,” Watch out, UPS. Morgan Stanley estimates Amazon is already delivering half of its packages,” CNBC, Dec. 12, 2019.
  7. Ziobro, Paul, ”Amazon Blocks Sellers From Using FedEx Ground for Prime Shipments,” The Wall Street Journal, Dec. 16, 2019.
  8. Smith, Jennifer, “Heavy-Duty Truck Orders Wane as Industrial Demand Declines,” The Wall Street Journal, Dec. 4, 2019.
  9. Kang, Jaewon, “Safeway Owner, Rival Grocers Bet on Smaller Warehouses,” The Wall Street Journal, Dec. 12, 2019.
  10. Smith, Jennifer, “Parcel, Warehousing Companies Boost Hiring for Online Sales Surge,” The Wall Street Journal, Dec. 6, 2019.

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