Add-on Acquisition • Transportation

AIT Worldwide Logistics Acquires Lubbers Logistics Group

On November 17, 2023, AIT Worldwide Logistics acquired transportation company Lubbers Logistics Group from AAC Capital Partners

Acquisition Context
  • This is AIT Worldwide Logistics’ 8th transaction in the Transportation sector.
  • This is AIT Worldwide Logistics’ 1st transaction in the Netherlands.

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M&A Deal Summary

Date November 17, 2023
Target Lubbers Logistics Group
Sector Transportation
Buyer(s) AIT Worldwide Logistics
Sellers(s) AAC Capital Partners
Deal Type Add-on Acquisition
Advisor(s) Nielen Schuman (Financial)
Loyens & Loeff (Legal)

Target Company

Lubbers Logistics Group

Schoonebeek, Netherlands
Lubbers Logistics Group is a specialist in transport and logistics for the upstream oil & gas sector and special transport for the heavy industry and energy sector. Lubbers Logistics Group B.V. was founded in 1929 and is based in Schoonebeek, Netherlands.
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Buyer Overview 1

Buyer

AIT Worldwide Logistics

Itasca, Illinois, United States

Category Company
Founded 1979
Sector Transportation
DESCRIPTION

AIT Worldwide Logistics is a global freight forwarder that helps its customers grow by expanding access to markets all over the world where they can sell and/or procure raw materials, components, and finished goods. AIT Worldwide Logistics was founded in 1979 and is based in Itasca, Illinois.


Deal Context for Buyer #
Overall 8 of 10
Sector: Transportation 8 of 10
Type: Add-on Acquisition 6 of 8
Country: Netherlands 1 of 1
Year: 2023 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-17 Select Express

New York, New York, United States

Select Express specializes in white glove delivery and assembly of heavy goods, leveraging a technology-enabled network of technicians to manage complex, in-home assembly requirements. Select Express was founded in 2001 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-04 Mach 2

Ashford, United Kingdom

Mach 2 is a freight forwarder specializing in the worldwide distribution of pharmaceuticals and related products. The company provides shipping solutions in the life sciences industry, including transportation programs for clinical trials, active pharmaceutical ingredients (APIs), pharmaceutical machinery, and finished products. Mach 2 is based in Ashford, United Kingdom.

Buy -

Seller Profile 1

SELLER

AAC Capital Partners

Amsterdam, Netherlands

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 900M EUR
Size Middle-Market
Type Sector Focused
DESCRIPTION

AAC Capital is a specialist buy-out private equity firm target to invest in mid- market companies located primarily in Netherlands and Belgium. It seeks to invest in companies with an enterprise value of €50 - 350 million. ACC Capital Benelux is a private equity arm of ACC Capital Partners and is based in Amsterdam.


Deal Context for Seller #
Overall 21 of 21
Sector: Transportation 1 of 1
Type: Add-on Acquisition 6 of 6
Country: Netherlands 18 of 18
Year: 2023 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-03 Hobré Instruments

Purmerend, Netherlands

Hobré Instruments is a designer and manufacturer of an online analyzer, sample systems and complete turnkey systems and solutions for the Oil & Gas, (Petro)Chemical, Steel, Power generation, Metal Recycling & Refining, Renewables, and Dairy industries. Hobré Instruments was founded in 1978 and is based in Purmerend, Netherlands.

Sell -