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M&A Deal Summary

ABRY Partners Acquires FLS

On January 1, 2016, private equity firm ABRY Partners acquired transportation company FLS

Acquisition Highlights
  • This is ABRY Partners’ 1st transaction in the Transportation sector.
  • This is ABRY Partners’ 4th transaction in Canada.
  • This is ABRY Partners’ 1st transaction in Quebec.

M&A Deal Summary
Date 2016-01-01
Target FLS
Sector Transportation
Buyer(s) ABRY Partners
Deal Type Recapitalization

Target

FLS

Montreal, Quebec, Canada
FLS is a non-asset based freight brokerage company in North America and a freight brokerage company in Canada. The Company’s principal line of business is acting as a third-party logistics (3pl) provider offering freight brokerage services to shippers requiring truckload capacity in the United States and Canada. FLS also provides logistics solutions to the less-than-truckload, intermodal, and air & ocean freight forwarding markets for its approximately 2,300 North American customers. FLS is able to provide an industry level of customer service largely through its extensive relationships with approximately 42,300 truckload carriers, with many of which it has been doing business for over a decade. FLS is based in Montreal, Quebec.

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Buyer(S) 1

Buyer

ABRY Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 12.8B USD
Size Mega
Type Sector Focused
DESCRIPTION

ABRY Partners is a media and communications focused private equity investment firm. Specific areas of interest include television, publishing, convention/trade shows, for-profit training, couponing, monitoring services, telephone companies, communications towers, music libraries, database providers, wireless communications, and in-store advertisers. ABRY can provide both equity and mezzanine capital, typically committing $20 to $200 million of equity or $15 to $50 million of mezzanine capital per transaction. Prospective transaction situations include buyouts, expansion financings, platform acquisitions, consolidations, and recapitalizations. ABRY Partners was formed in 1989 and is headquartered in Boston, Massachusetts.

DEAL STATS #
Overall 106 of 175
Sector: Transportation M&A 1 of 1
Type: Recapitalization M&A Deals 9 of 15
State: Quebec M&A 1 of 2
Country: Canada M&A 4 of 6
Year: 2016 M&A 2 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 Maya Cinemas

Bakersfield, California, United States

Maya Cinemas is an operator of Latino focused megaplex movie theaters in California. Maya Cinemas is entrepreneur owned by an individual deeply rooted in the Latino community with extensive experience in the film entertainment industry. The Company’s mission is to bring the megaplex movie theater experience to the underserved Latino demographic as this group is an avid movie going community that has been overlooked by main stream theater chains. Maya Cinemas was founded in 2000 and is based in Bakersfield, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-05 Trover Solutions

Louisville, Kentucky, United States

Trover Solutions, Inc. is a independent provider of comprehensive cost containment services and software to the private healthcare payor and property and casualty industries. integrated systems and processes.

Sell -
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