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    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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