M&A Deal Summary

C.H. Robinson Worldwide Acquires Phoenix International

On September 25, 2012, C.H. Robinson Worldwide acquired transportation company Phoenix International for 635M USD

Acquisition Highlights
  • This is C.H. Robinson Worldwide’s 13th transaction in the Transportation sector.
  • This is C.H. Robinson Worldwide’s largest (disclosed) transaction.
  • This is C.H. Robinson Worldwide’s 9th transaction in the United States.
  • This is C.H. Robinson Worldwide’s 1st transaction in Maryland.

M&A Deal Summary
Date 2012-09-25
Target Phoenix International
Sector Transportation
Buyer(s) C.H. Robinson Worldwide
Deal Type Add-on Acquisition
Deal Value 635M USD

Target

Phoenix International

Largo, Maryland, United States
website
Phoenix is a privately-held international freight forwarder. Phoenix primarily provides international freight forwarding services, including ocean, air, and customs brokerage, currently serving approximately 15,000 customers globally.

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Buyer(S) 1

Buyer

C.H. Robinson Worldwide

Eden Prairie, Minnesota, United States

website

Category Company
Founded 1905
Sector Transportation
Employees16,902
Revenue 24.7B USD (2022)
DESCRIPTION
Entrance to C.H. Robinson's corporate headquarters in Eden Prairie, Minnesota.
Entrance to C.H. Robinson's corporate headquarters in Eden Prairie, Minnesota.

C.H. Robinson Worldwide is a third party logistics (3PL) provider. C.H. Robinson provides freight transportation and logistics, outsourcing solutions, produce sourcing, and information services to over 45,000 customers through a network of offices in North America, South America, Europe, Asia, and Australia. C.H. Robinson Worldwide was incorporated in 1905 and is based in Eden Prairie, Minnesota.

DEAL STATS #
Overall 17 of 24
Sector (Transportation) 13 of 18
Type (Add-on Acquisition) 17 of 23
State (Maryland) 1 of 1
Country (United States) 9 of 11
Year (2012) 2 of 2
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-06 Apreo Logistics SA

Warsaw, Poland

Apreo Logistics SA is a logistics operator providing the highest quality services in the field of warehouse logistics, road transport services, sea and air freight, ferry tickets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-16 T-Chek Systems

Eden Prairie, Minnesota, United States

T-Chek Systems, Inc. is a business-to-business provider of spend management and payment processing services. T-Chek’s technology supports a variety of funds transfer, vendor payment, fuel purchasing, and online expense management tools. Historically, T-Chek has focused on the transportation industry with its major customer segments including the truckload, less-than-truckload, and private fleet industries, and truck stop chains. Due to changes in the industry, T-Chek has expanded its business further into the financial services sector, to include funds transfer and expense management for other industries through its MasterCard® product.

Sell $303M
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