M&A Deal Summary

Palladium Equity Partners Acquires Source Logistics

On November 2, 2023, private equity firm Palladium Equity Partners acquired transportation company Source Logistics from Novamex

Acquisition Highlights
  • This is Palladium Equity Partners’ 2nd transaction in the Transportation sector.
  • This is Palladium Equity Partners’ 50th transaction in the United States.
  • This is Palladium Equity Partners’ 6th transaction in California.

M&A Deal Summary
Date 2023-11-02
Target Source Logistics
Sector Transportation
Buyer(s) Palladium Equity Partners
Sellers(s) Novamex
Deal Type Divestiture
Advisor(s) Republic Partners LLC (Financial)
Foley & Lardner LLP (Legal)

Target

Source Logistics

Montebello, California, United States
website
Source Logistics is a provider of value-added warehousing, distribution and fulfillment third-party logistics (3PL) services. Source Logistics was founded in 1999 and is based in Montebello, California.

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Buyer(S) 1

Buyer

Palladium Equity Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1997
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Palladium Equity Partners is a private equity firm that looks to invest in businesses focused on the US Hispanic marketplace. Target sectors include business services, financial services, consumer/retail, food/restaurants, healthcare, manufacturing, and media. Palladium's target investment size is $50 to $150 million with an EBITDA of $10 to $75 million. The Firm will consider investing in mature, stable businesses as well as younger companies and turnaround situations. Palladium was formed in 1997 and is based in New York City.

DEAL STATS #
Overall 51 of 51
Sector (Transportation) 2 of 2
Type (Divestiture) 3 of 3
State (California) 6 of 6
Country (United States) 50 of 50
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-02 Superior Environmental Solutions

Cincinnati, Ohio, United States

Superior Environmental Solutions (SES) is a provider of comprehensive, vertically integrated environmental and industrial services, including emergency response, hydro blasting, vacuum truck services, sponge blasting, product destruction, recycling and universal-waste management, transportation and waste disposal, and related, complementary services. Superior Environmental Solutions was founded in 1999 and is based in Cincinnati, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-05 EverDriven

Greenwood Village, Colorado, United States

EverDriven is a provider of alternative student transportation solutions for a variety of student populations, including special education, homeless, foster, and other in-need students. The company leverages a proprietary, technology-enabled platform to optimize transportation for school districts across the U.S. EverDriven was founded in 2005 and is based in Greenwood Village, Colorado.

Sell -

Seller(S) 1

SELLER

Novamex

El Paso, Texas, United States

website

Category Company
Founded 1986
Sector Beverages
DESCRIPTION

Novamex is a food and beverage producer, importers, and distributor of Mexican groceries in the United States and a vehicle for the growth and development of natural and organic beverages. Novamex was founded in 1986 and is based in El Paso, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Transportation) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-01 Source Logistics

Montebello, California, United States

Source Logistics is a provider of value-added warehousing, distribution and fulfillment third-party logistics (3PL) services. Source Logistics was founded in 1999 and is based in Montebello, California.

Buy -
Mergr

Product

Company

Legal