M&A Deal Summary

MingZhu Logistics Holdings Acquires Yinhua

On March 14, 2022, MingZhu Logistics Holdings acquired automotive company Yinhua for 18M USD

Acquisition Highlights
  • This is MingZhu Logistics Holdings’ 1st transaction in the Automotive sector.
  • This is MingZhu Logistics Holdings’ largest (disclosed) transaction.
  • This is MingZhu Logistics Holdings’ 2nd transaction in China.

M&A Deal Summary
Date 2022-03-14
Target Yinhua
Sector Automotive
Buyer(s) MingZhu Logistics Holdings
Deal Type Add-on Acquisition
Deal Value 18M USD

Target

Yinhua

China
Yinhua provides diversified, differentiated, and customized value-added auto-related services to auto insurance companies, where the services include road security services, car maintenance services, car inspection services, and more. Yinhua develops and operates a comprehensive auto-related service platform for auto insurance companies combining both intelligent human-vehicle interaction functions with car owner programs. Yinhua was founded in 2018 and is based in China.

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Buyer(S) 1

Buyer

MingZhu Logistics Holdings

Shenzhen, China

website

Category Company
Founded 2002
Sector Transportation
Employees147
Revenue 17M USD (2021)
DESCRIPTION

MingZhu Logistics Holdings provides trucking and delivery services using its truckload fleet and subcontractors in China. The company provides dedicated truckload services to sizeable logistics companies, freight forwarders, and warehouse operators. It operates a truckload fleet with 132 tractors and 90 trailers. MingZhu Logistics Holdings was founded in 2002 and is based in Shenzhen, China.

DEAL STATS #
Overall 2 of 4
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 2 of 4
Country (China) 2 of 4
Year (2022) 1 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-06 CheYi Network

China

CheYi Network is an integrated online car-hailing and driver management services company. CheYi Network vehicles and drivers provide services to major mobility technology platforms, such as SAIC Mobility and T3 Mobility. CheYi Network has built an integrated business platform with more than 6,000 vehicles and drivers for ride-hailing services under management. CheYi Network was founded in 2015 and is based in China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-21 Feipeng

Xinjiang, China

Feipeng provides integrated solutions to the logistics supply chain that reduce costs and increase efficiency. Feipeng was formed in 2014 and is based in China's Xinjiang.

Buy $15M
Mergr

Product

Company

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