M&A Deal Summary

Magnate Worldwide Acquires ASAP Expediting & Logistics

On February 22, 2021, Magnate Worldwide acquired transportation company ASAP Expediting & Logistics

Acquisition Highlights
  • This is Magnate Worldwide’s 6th transaction in the Transportation sector.
  • This is Magnate Worldwide’s 7th transaction in the United States.
  • This is Magnate Worldwide’s 1st transaction in South Carolina.

M&A Deal Summary
Date 2021-02-22
Target ASAP Expediting & Logistics
Sector Transportation
Buyer(s) Magnate Worldwide
Deal Type Add-on Acquisition

Target

ASAP Expediting & Logistics

Columbia, South Carolina, United States
website
ASAP Expediting & Logistics LLC is a 24/7 nationwide logistics company specializing in same and next-day transportation. ASAP Expediting & Logistics was founded in 2008 and is based in Columbia, South Carolina.

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Buyer(S) 1

Buyer

Magnate Worldwide

Portland, Oregon, United States

website

Category Company
Founded 2014
Sector Transportation
DESCRIPTION

Magnate Worldwide is a diversified supply chain management company, comprised of a unique portfolio of complementary, premier logistics providers focused on expedited domestic transportation and global freight forwarding. Magnate Worldwide was founded in 2014 and is based in Portland, Oregon.

DEAL STATS #
Overall 7 of 10
Sector (Transportation) 6 of 9
Type (Add-on Acquisition) 7 of 10
State (South Carolina) 1 of 2
Country (United States) 7 of 10
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-04 Hybrid International Forwarding

Atlanta, Georgia, United States

Hybrid International Forwarding provides a variety of freight transportation and forwarding services including air, ocean, and ground solutions, and has a pronounced strength in ocean imports to the U.S. Hybrid International Forwarding is based in Altanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-26 Atlantic-Pacific Express

Columbia, South Carolina, United States

Atlantic-Pacific Express is a mission-critical logistics service provider. Atlantic-Pacific Express was founded in 1999 and is based in Columbia, South Carolina.

Buy -
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