M&A News In The Transport, Logistics and Supply Chain Industry

M&A News In The Transport, Logistics and Supply Chain Industry

By Peter Heydenrych

September 06, 2018

The report below provides a good overview of the third quarter M&A activity in the Transport, Logistics and Supply Chain Industry Sector. M&A activity for North American based target companies in the Transportation and Logistics sector for Q2 2018 included 50 closed deals, according to data published by industry data tracker FactSet.

One of the notable middle market transactions closed in July when The Jordan Co LP acquired GlobalTranz Enterprises, Inc., a portfolio company of Providence Equity Partners LLC, Susquehanna Growth Equity LLC, Volition Capital LLC and Savano Direct Capital Partners LLC, for an undisclosed amount. The acquisition expands Jordan Co’s existing portfolio. GlobalTranz Enterprises is located in Scottsdale, Arizona and provides international freight forwarding services.

As the retail sector shifts more toward e-commerce, there continues to be a surging demand for truck drivers.

Industry Indicators

  • The average US retail price for diesel and regular gas, a major operating cost for trucking fleets, rose 30% and 25.8%, respectively, in the week ending July 16, 2018, compared to the same week in 2017.
  • Total US manufacturers’ shipments, an indicator of the volume of goods shipped by truck, rose 7.2% year-to-date in May 2018 compared to the same period in 2017.
  • Total US revenue for general freight trucking rose 6.6% in the first quarter of 2018 compared to the previous year.

Posted by Peter Heydenrych.

Read the Entire Transport, Logistics & Supply Chain 3rd Quarter Newsletter Here