M&A Deal Summary

OptiX Acquires Vircon

On May 8, 2024, OptiX acquired transportation company Vircon

Acquisition Highlights
  • This is OptiX’s 1st transaction in the Transportation sector.
  • This is OptiX’s 1st transaction in the United States.
  • This is OptiX’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2024-05-08
Target Vircon
Sector Transportation
Buyer(s) OptiX
Deal Type Add-on Acquisition

Target

Vircon

Pittsburgh, Pennsylvania, United States
Vircon provides trucking, logistics, and transportation-related services in the United States and Canada. The company currently serves customers in several sectors including steel, mining, lumber, tires, petrochemicals, equipment rentals, building materials, and industrial chemicals. Virconis was formed in 2021 and is based in Pittsburgh, Pennsylvania.

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Buyer(S) 1

Buyer

OptiX

Houston, Texas, United States
Category Company
Sector Transportation
DESCRIPTION

OptiX is an integrated intermodal business, serving the petrochemical, consumer goods, and industrial industries. The company's logistics capabilities include drayage, chassis leasing, warehousing, container stacking, trans-loading, and managed freight across the Gulf Coast, Southeast, and East Coast. It specializes in building enduring relationships with customers and crafting integrated, tailored, and flexible solutions that deliver measurable results and scale with customer requirements over time. OptiX is based in Houston, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Transportation) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
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Product

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