NEW YORK – The Benesch private equity in transportation conference held each December brings together a huge swath of key private equity, venture capital and general dealmakers focused for a full day of discussion on the state of the market for buying and selling logistics companies.
Formally the “Investing in the Transportation & Logistics Industry Conference,” the event has witnessed in its four years of existence (it informally succeeded a similar New York gathering) the strongest freight...
NEW YORK — Even in the midst of an almost historic freight recession, in which it seems almost every part of the supply chain — truckload, warehouses, brokerages — has taken a hit in valuations, deals did get done this year.
Two recent confirmations of that beyond the usual anecdotal evidence: One, the monthly report of Logisyn Advisors reported 43 transactions in the logistics sector in November alone (down from 46 in August and apparently less than the number of deals in November 2022) and...
https://www.freightwaves.com/news/logistics-ma-slower-but-opportunities-still-there
Allstates WorldCargo, a global supply chain solutions company founded in 1961, recently announced it has acquired Ground Freight Expeditors (GFE), a freight forwarding company founded in 1999 by Paris Brothers, a specialty foods company.
In 2020, Clarendon Capital invested in Allstates WorldCargo to accelerate its transportation footprint and enhance its service offerings through strategic growth and acquisitions, including that of GFE.
In an interview with FreightWaves, Kendra Tanner, president...
https://s29755.pcdn.co/news/allstates-worldcargo-acquires-gfe-to-expand-customer-footprint
SPACs— special purpose acquisition corporations — have come a long way from being regarded as the “skunk at the garden party” to a welcome investment vehicle.
“It’s a pretty tricky world, especially given all the filing requirements with the SEC and the interaction that is required with public equity investors,” said John Larkin, an operating partner at Clarendon Capital, a private equity firm that invests solely in transportation and logistics companies.
During a virtual fireside chat Friday as...
https://www.freightwaves.com/news/spacs-arent-out-of-whack-in-2020-with-video