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    Transportation & Logistics Q4 2021

    Q4 2021 Transportation Logistics

    Largest Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • Kansas City Southern
    • Canadian Pacific Railway Limited
    • $31,654.80
    • Transplace Inc.
    • Uber Freight LLC
    • $2,250.00
    • Echo Global Logistics, Inc.
    • The Jordan Company, L.P.
    • $1,463.72
    • Molo Solutions, LLC
    • ArcBest Corporation
    • $690.00
    • Trinity Highway Products, LLC
    • Monomoy Capital Partners
    • $375.00
    • Midwest Warehouse And Distribution System, Inc.
    • Ryder System, Inc.
    • $275.00
    • Substantially all of the assets and assume certain liabilities of Summit Truck
    • Rush Truck Leasing, Inc.; Rush Truck Centers Of Tennessee, Inc.; Rush Truck Centers Of Texas, L.P.; Rush Truck Centers Of Missouri, Inc.; Rush Truck Centers of Kansas, Inc.; Rush Truck Centers of Oklahoma, Inc.; Rush Truck Centers of Arkansas, Inc.; Rush Truck Centers Of Mississippi, Inc.
    • $205.55

    Other Financial Buyer Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • ICAT Logistics, Inc.
    • Midwest Mezzanine Funds; KCM Capital Partners; Lightspring Capital Partners
    • n/a
    • MNX Global Logistics
    • Quad-C Management, Inc.
    • n/a
    • Redwood Logistics, LLC
    • AEA Investors LP
    • n/a

    Other Strategic Buyer Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • Greyhound Lines, Inc.
    • FlixMobility GmbH
    • $201.50
    • I-66 Express Mobility Partners, LLC
    • Cintra Servicios de Infraestructuras, S.A.
    • $181.37
    • RAC MME Holdings, LLC
    • Knight-Swift Transportation Holdings Inc.
    • $150.00
    • Choptank Transport, Inc.
    • Hub Group, Inc.
    • $130.00
    • T.F. Boyle Transportation, Inc.
    • Andlauer Healthcare Group Inc.
    • $80.67

     

    Source S&P Capital IQ as of 1/11/2022 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. Smith, Jennifer. "Investors Are Piling into Supply-Chain Technology." The Wall Street Journal, Dow Jones & Company, 30 Dec. 2021.
    2. Holger, Dieter. "Fedex Receives First Five of Its 500 Electric-Van Order from Brightdrop." The Wall Street Journal, Dow Jones & Company, 17 Dec. 2021.
    3. Kellaher, Colin. "Fedex to Invest $2 Billion in Bid for Carbon-Neutral Operations." The Wall Street Journal, Dow Jones & Company, 3 Mar. 2021.
    4. O'Neal, Lydia, and Jennifer Smith. "Shippers Plan New Strategies, Stopgap Measures to Ease Freight Pain." The Wall Street Journal, Dow Jones & Company, 27 Dec. 2021.
    5. PricewaterhouseCoopers. "Transportation and Logistics: Deals 2022 Outlook." PwC.
    6. Grossman, Matt. "Allegiant Air to Buy 50 Boeing 737 Max Jets." The Wall Street Journal, Dow Jones & Company, 5 Jan. 2022.
    7. Smith, Jennifer. "Freight Operators' Profits Are Surging in Strained Supply-Chain Markets." The Wall Street Journal, Dow Jones & Company, 3 Nov. 2021.

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