transportation M&A

Forwarder JAS Worldwide announces 4th acquisition in past year

JAS Worldwide's looks to integrate recent acquisitions

Global freight forwarder JAS Worldwide announced it has entered into an agreement to acquire the forwarding, logistics and supply chain management unit of Greencarrier Group.

Founded in 2000, Gothenburg, Sweden-based Greencarrier Freight Services International provides sustainable logistics solutions through 11 offices on both sides of the Baltic Sea as well as the U.K., Eastern Europe and China. The company’s 950 employees charter freight in all modes of transportation for more than 15,000...

https://www.freightwaves.com/news/forwarder-jas-worldwide-announces-4th-acquisition-in-past-year

Bulk carrier Trimac acquires California-based cement hauler

Trimac adds to fleet through acquisition again

Canadian bulk carrier Trimac Transportation announced late Monday the acquisition of Southern California cement hauler Double Eagle Transportation.

Based in Hesperia, California, family-owned Double Eagle operates a fleet of 96 tractors and 124 dry bulk pneumatic trailers. With 132 employees, 105 of which are drivers, the nearly 20-year-old company also transports fly ash, gypsum, lime, limestone and sand throughout California and Nevada.

Terms of the deal were not announced.

“We are thrilled to...

https://www.freightwaves.com/news/bulk-carrier-trimac-acquires-california-based-cement-hauler

Knight-Swift enters LTL arena with $1.35B acquisition of AAA Cooper

Knight-Swift acquires AAA Cooper in $1.35 billion deal

The nation’s largest truckload carrier, Knight-Swift Transportation (NYSE: KNX), announced Tuesday it has acquired less-than-truckload carrier AAA Cooper Transportation in a transaction with an enterprise value of $1.35 billion.

Dothan, Alabama-based AAA Cooper is expected to generate full-year 2021 revenue of $780 million, $140 million in earnings before interest, taxes, depreciation and amortization (EBITDA) and $80 million in operating income. The deal is expected to add 13 cents per share to...

https://www.freightwaves.com/news/knight-swift-enters-ltl-arena-with-1-35b-acquisition-of-aaa-cooper

Werner acquires regional carriers in $142M deal with ECM Transport Group

Werner advances new capital strategy in ECM acquisition

Transportation and logistics provider Werner Enterprises (NASDAQ: WERN) announced Thursday after the market close that it had acquired an 80% equity stake in ECM Transport Group for $142.4 million. The Omaha, Nebraska-based carrier has the option to purchase the remaining 20% of ECM after five years.

The ECM group of companies includes regional truckload carriers Cheswick, Pennsylvania-based ECM Transport, which operates a fleet of 450 trucks, and Motor Carrier Services of Pennsylvania, which...

https://www.freightwaves.com/news/werner-acquires-regional-carriers-in-142m-deal-with-ecm-transport-group

3PL FitzMark grows through acquisition again

FitzMark expands brokerage platform in Chattanooga, Tennessee

Indianapolis-based third-party logistics provider FitzMark announced Monday the acquisition of the brokerage operations from sister companies Riverside Transport (RTI) and Transco Lines (TLI). With an existing brokerage business in Chattanooga, Tennessee, the acquisition is expected to further bolster FitzMark’s footprint in the market.

Financial terms of the transaction were not disclosed. Middle market private equity firm Calera Capital, which recently acquired a majority interest in FitzMark,...

https://www.freightwaves.com/news/3pl-fitzmark-grows-through-acquisition-again

E-commerce fulfillment provider TLSS seeks to acquire SalSon Logistics for $90M

TLSS looking to grow through acquisitions

Transportation and Logistics Systems Inc. (TLSS) (OTC: TLSS) announced Monday it entered into an agreement on Tuesday to acquire all of the outstanding shares of SalSon Logistics. The Jupiter, Florida-based e-commerce fulfillment provider said the $90 million purchase price includes $50 million in cash, 19.9% of TLSS stock and $20 million in seller financing.

The stock purchase agreement would net TLSS a 60-year-old third-party logistics company that is expected to “anchor” its growth strategy.

“T...

https://www.freightwaves.com/news/e-commerce-fulfillment-provider-tlss-seeks-to-acquire-salson-logistics-for-90m

Heyl Truck Lines buys regional carrier Holiday Express

Heyl Truck Lines acquires Holiday Express

Akron, Iowa-based carrier Heyl Truck Lines announced that it has acquired fellow family-owned carrier Holiday Express Corp.

Based in Estherville, Iowa, Holiday Express operates a fleet of more than 50 tractors and 80 refrigerated trailers. The more than 50-year-old company provides local, regional and over-the-road transportation.

The deal closed Monday. Financial terms were not disclosed.

“The acquisition of Holiday Express is a positive move for Heyl Truck Lines, Holiday Express, and for all of...

https://www.freightwaves.com/news/heyl-truck-lines-buys-regional-carrier-holiday-express

Forward Air bolsters LTL service with J&P Hall acquisition

Forward Air continues M&A activity

Forward Air (NASDAQ: FWRD) announced Wednesday that it will acquire J&P Hall Express, a privately held, expedited transportation provider. The deal is expected to expand Forward’s regional less-than-truckload door-to-door operation.

Founded in 1989, Atlanta-based J&P Hall provides LTL, truckload, less-than-container-load and airport transfers with a fleet of 70 trucks and 110 employees across the Southeast. The company also provides container freight stationing services out of its Atlanta and...

https://s29755.pcdn.co/news/forward-air-bolsters-ltl-service-through-jp-hall-acquisition

PS Logistics adds to flatbed portfolio in deal for JJT

PS Logistics acquires another flatbed carrier

The holding company of flatbed transportation and logistics provider PS Logistics announced the acquisition of another flatbed carrier this week. The Birmingham, Alabama-based company has acquired Jason Jones Trucking out of Shoals, Indiana.

JJT operates a fleet of 38 tractors and 89 trailers, mostly hauling general flatbed freight like drywall, lumber and brick.

Family-owned JJT and its 41 drivers will continue to be managed by Jason Jones under the JJT banner, reporting as a separate division...

https://www.freightwaves.com/news/ps-logistics-adds-to-flatbed-portfolio-in-deal-for-jjt

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