M&A Deal Summary

Ten Oaks Group Acquires Forward Air - Pool Distribution Business

On February 12, 2021, family office Ten Oaks Group acquired transportation company Forward Air - Pool Distribution Business from Forward Air for 20M USD

Acquisition Highlights
  • This is Ten Oaks Group’s 1st transaction in the Transportation sector.
  • This is Ten Oaks Group’s largest (disclosed) transaction.
  • This is Ten Oaks Group’s 3rd transaction in the United States.
  • This is Ten Oaks Group’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2021-02-12
Target Forward Air - Pool Distribution Business
Sector Transportation
Buyer(s) Ten Oaks Group
Sellers(s) Forward Air
Deal Type Divestiture
Deal Value 20M USD

Target

Forward Air - Pool Distribution Business

Greeneville, Tennessee, United States
Forward Air's Pool Distribution Business provides services for retail, healthcare, parts distribution, hospitality, and other specialized industries. Forward Air's Pool Distribution Business is based in Greeneville, Tennessee.

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Buyer(S) 1

Buyer

Ten Oaks Group

Investor Investor Investor Investor Investor

website

Category Family Office
Size Small
Type Sector Agnostic
DESCRIPTION

Ten Oaks Group is a two family, family office focused on acquiring corporate divestitures. The Firm is sector agnostic and will consider profitable business units across North America with up to $50 million of EBITDA. Ten Oaks Group is based in Charlotte, North Carolina.

DEAL STATS #
Overall 3 of 4
Sector (Transportation) 1 of 1
Type (Divestiture) 3 of 4
State (Tennessee) 1 of 1
Country (United States) 3 of 3
Year (2021) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-01 Worthington Industries - Oil & Gas Equipment Business

Bremen, Ohio, United States

Worthington Industries's Oil & Gas Equipment Business is a provider of Oil & Gas Equipment. The divestiture includes the related operating assets located in Bremen, Ohio, and Tulsa, Okla. Worthington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-11 Togama

Villarreal, Spain

Togama manufacturer and distributor of ceramic and vitreous products for swimming pool lining, wellness, and interior and exterior decoration. Togama is based in Villarreal, Spain.

Buy -

Seller(S) 1

SELLER

Forward Air

Greeneville, Tennessee, United States

website

Category Company
Founded 1981
Sector Transportation
Employees4,155
Revenue 2.0B USD (2022)
DESCRIPTION

Forward Air is a provider of time-definite surface transportation and related logistics services to the North American expedited ground freight market.Forward Air Corporation operates three business segments, Forward Air, Inc., Forward Air Solutions, Inc. and Total Quality, Inc. Forward Air was incorporated in 1981 and is based in Greeneville, Tennessee.

DEAL STATS #
Overall 1 of 2
Sector (Transportation) 1 of 2
Type (Divestiture) 1 of 2
State (Tennessee) 1 of 1
Country (United States) 1 of 2
Year (2021) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-12 Proficient Transport

Chicago, Illinois, United States

Proficient Transport, Inc. is in the business of providing premium intermodal services. The Company's goal is to move freight and create solutions designed to solve customers' transportation needs. Proficient Transport, Inc. was founded in 2004 and is based in Chicago, Illinois.

Buy $15M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-28 J&P Hall Express

Forest Park, Georgia, United States

J&P Hall Express offers a portfolio of transportation services including LTL, Full Truckload, LCL, CFS warehousing, and airport transfers across the Southeastern United States. J&P Hall Express operates with approximately 70 trucks and 110 total employees. J&P Hall Express was founded in 1989 and is based in Forest Park, Georgia.

Buy -
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